In 2003, we were asked to defend a startup foundation that had invested its client’s $5 million in a trading venture that failed. Because the investment was lost by our clients, they were found liable for the amount of the investment. Their opponent asked for damages for loss of reputation, lost clients, overhead expenses, post-revocation interest and lost profits on an investment. Litigating against a well-funded large law firm, we defeated these claims with the court noting that we had made a ‘different and better argument’ and were then able to negotiate a settlement. See Thornbrook International, Inc. v. Rivercross Foundation, 2004 U.S. Dist. LEXIS 14785 (2004).
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