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Jury Verdict for O'Melveny Client Lennar Receives Wide CoverageDecember 05, 2013
O’Melveny & Myers’ latest victory for Lennar Corp. in long-running litigation against a San Diego real estate developer and his company was covered by several media outlets, including The Wall Street Journal, Law360, Daily Business Review, LA Weekly Blog, The Santa Clarita Valley Signal, and The National Law Journal. As noted in the reports, on December 2, 2013, a jury awarded Lennar more than US$1 billion in compensatory and punitive damages based on the defendants’ attempt to extort the company.
O’Melveny partner Daniel Petrocelli, who served as lead trial counsel to Lennar, said in a statement that “[t]he jury’s award sends an unmistakable message that you cannot extort companies and lie for money and expect to get away with it.”
Petrocelli is chair of O’Melveny’s Business Trial and Litigation practice, and resides in the Firm’s Century City Office.