Holland & Knight Loses Bid To Overturn $35M Fraud Verdict

Law360, Los Angeles (June 26, 2012, 3:45 PM EDT) -- A California judge on Tuesday refused Holland & Knight LLP's bid to overturn a $34.5 million jury verdict against the firm, which was found liable for misleading three investors on a series of failed real estate ventures.

Los Angeles Superior Court Judge Susan Bryant-Deason denied Holland & Knight's motion for a new trial in a case brought by former clients Rahim Sabadia, Nafees El Batool and Ishtiaq Kahn, saying the jury award was supported by evidence presented at trial. The jury sided with the investors in...
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