OUTCOMES
AEJ WINS UNANIMOUS JURY VERDICT OF $139 MILLION IN CRYPTOCURRENCY MINING DEAL GONE AWRY
Plaintiff Michael Ho is a cryptocurrency entrepreneur. He delivered a development opportunity under an NDA/Non-Circumvention Agreement to defendant Marathon Digital Holdings, one of the largest publicly traded Bitcoin-mining companies in the world (NASDAQ: MARA), to enable Marathon to expand its operations substantially. Almost immediately after Ho delivered the project to Marathon, Marathon breached the parties’ agreement and circumvented Ho. A federal court jury unanimously awarded Ho damages of nearly $139 million.
AEJ WINS ARBITRATION AWARD OF $16.8 MILLION IN INSURANCE COVERAGE DISPUTE
Claimants Thomas Berkley Square Housing, LLC and The Bedford Group developed a mixed-use commercial real estate project in Oakland, California beginning in 2006. In lieu of a surety bond, the project was covered by a subguard insurance policy issued by a subsidiary of Zurich American Insurance Company. In 2007, a subcontractor defaulted on its contract, and the general contractor for the project became insolvent and abandoned the project. Zurich denied coverage under the policy and litigated tenaciously for six years. A three-arbitrator panel unanimously found that this parlay of events was insured under the policy, and awarded coverage damages and legal fees to claimants in the amount of $16,839,787.
AEJ NEGOTIATES A $4 MILLION CONFIDENTIAL SETTLEMENT AFTER WINNING AT ARBITRATION IN INSURANCE DISPUTE
After a massive chemical fire and explosion destroyed an industrial property, AEJ represented the property owner in a complex insurance dispute to cover the costs of repair and lost rent. The case involved competing insurance policies and questions over the cause and origin of the fire. After a complete victory at arbitration, we were able to quickly negotiate a settlement fully compensating our client.
AEJ WINS A $3.4 MILLION VERDICT FOR RACIAL HARASSMENT AT THE RIVERSIDE PUBLIC UTILITY
Bobby D. Harris, III was a rising star within the Riverside Public Utility, until his career was cut short by severe racial harassment, leading to his forced resignation. Witnesses described the “gang mentality” of staff who plotted to isolate and undermine Mr. Harris - the first black manager within the Public Utility. During a four-week jury trial, AEJ put on the case that management in the City of Riverside knew about the harassment, but caved to union pressure to replace Mr. Harris with a white supervisor. The jury found that Mr. Harris was a victim of racial harassment and that he was constructively fired when management refused to do anything about it.
AEJ SECURES $2.4 MILLION CONFIDENTIAL SETTLEMENT IN SEXUAL BATTERY CASE
AEJ negotiated a settlement of a sensitive sexual battery case on behalf of a Hollywood celebrity. Through extensive, pre-lawsuit negotiations, we were able to secure a total settlement of $2.4 million on confidential terms, preserving the privacy of our client.
*Some of the outcomes above were obtained by predecessor forms of AEJ.