January 27, 2010
Russ August & Kabat is proud of Jules L. Kabat, who was featured in the Daily Journal’s Special Supplement Section: Top Plaintiff Verdicts of 2009. Jules was recognized for obtaining one of the “Top 5 Arbitration Awards” for his work on Oxford Street Properties LLC’s case, in which he prevailed in a year and a half long arbitration on his clients’ claims of fraud, economic duress, rescission, breach of fiduciary duty and other claims, obtaining $29.1 million, including $10 million in punitive damages.
Oxford Street Properties LLC v. Rehabilitation
Associates LLC, Fedora Investment Corp.
Oxford claimed the defendants engaged in fraud, economic duress, and breach of fiduciary duty in connection to their actions with respect to a historic renovation project in downtown Los Angeles’ Gallery Row. Rehabilitation and Fedora counterclaimed for fraud and construction defect.
Arbitrator awarded the plaintiffs $29.1 million and rejected the fraud counterclaim. Arbitrator also found the construction defect counterclaim to be mooted by his grant of Oxford’s recission claims.
Plaintiffs’ trial team:
Jules L. Kabat, Russ, August & Kabat in Los Angeles
Law Offices of Thomas A. Nitti; Lance Robbins Attorney at Law
Richard Chernick, JAMS