$64M Award Upheld Against Ex-Jenkens Clients

Law360, New York (March 13, 2008, 12:00 AM EDT) -- A federal judge has affirmed a jury's $64.5 million damages award to two companies that sued former clients of the defunct law firm Jenkens & Gilchrist Parker Chapin LLP for backing out of a securities trade after receiving confidential information.

Judge Peter K. Leisure of the U.S. District Court in Manhattan handed down the decision Monday upholding the award to Highland Capital Management LP and RBC Capital Markets Corp., which won $36 million and $28.4 million respectively.

“The jury verdict leaves no doubt that oral agreements...
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