Holland & Knight Fraud Jury Deadlocked On Punitive Damages

Law360, Los Angeles (April 20, 2012, 8:19 PM EDT) -- Jurors told a California judge on Friday they are deadlocked on whether to award punitive damages against Holland & Knight LLP for allegedly misleading investors on failed real estate ventures, a day after the jury delivered a $34.5 million verdict against the firm.

The Los Angeles panel deliberated for approximately four hours on the punitive damages issue before telling Judge Susan Bryant-Deason they were unable to reach a decision. Judge Bryant-Deason dismissed the jurors for the weekend and ordered them to return to court Tuesday to...
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