Jenner & Block Team Obtains Defense Verdict in $250 Million Partnership Dispute

Erik Laykin, Managing Director in the Disputes Consulting practice, served as a forensic audio expert for Jenner & Block in a jury trial over a long-running partnership dispute between brothers concerning various domestic and international businesses. Jenner & Block’s client, one of the brothers, owns significant real estate holdings in Southern California. The case was an alleged oral partnership agreement between five brothers, under which one of them claimed that all money made from their businesses, primarily diamond and real estate interests worth an estimated $7 billion, was to be shared equally among the brothers. That brother sued Jenner & Block’s client and several of their client’s companies for breach of oral contract, breach of implied covenant of good faith and fair dealing and breach of fiduciary duty for wrongfully withholding $250 million from him as his share of the alleged partnership interest in the real estate holdings.

Erik authored a report and testified in the Los Angeles County Superior Court to present his findings, which were a pivotal in the trial, and Erik successfully convinced the judge to not allow produced audio tapes into evidence. Following the two-week trial and one day of deliberation, the jury rendered a verdict in Jenner & Block’s client’s favor on all three causes of action, finding that the plaintiff’s claims fell outside the statute of limitations.

 
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