11th Circ. Affirms $3M Verdict Against Guatemalan Bank
Law360, Miami (December 19, 2017, 6:03 PM EST) -- The Eleventh Circuit on Tuesday affirmed a $3.3 million jury verdict against one of Guatemala's largest banks for allegedly reneging on contract fees with a corporate finance advisory firm, ruling that the district judge's pretrial rulings on evidence were correct.
The appeals court rejected arguments by Banco de los Trabajadores, better known as Bantrab, that the district court should not have admitted and relied on evidence that allowed Quantum Capital LLC to conflate its work for the bank with the work done by Quantum's owner and sole member, Oswaldo Jugo.
"As the district court concluded, the evidence implicated by Bantrab's motion...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!