Holland & Knight Partially Settles $35M Fraud Trial

Law360, Los Angeles (April 24, 2012, 8:52 PM EDT) -- Holland & Knight LLP reached a partial settlement in California state court Tuesday with three investors who claim the law firm misled them on failed real estate ventures, days after a jury delivered a $34.5 million compensatory verdict against the firm but deadlocked on the award of punitive damages.

Attorneys for Holland & Knight and plaintiffs Rahim Sabadia, Nafees El Batool and Ishtiaq Kahn told Los Angeles Superior Court Judge Susan Bryant-Deason on Tuesday afternoon that they had reached an agreement in the case, according to...
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