Verdicts and Settlements

$2,098,200.00 VERDICT

CBS sued its top credit card processing sales specialist to collect a series of promissory notes the sales person signed. Mr. Young reviewed the case, and filed a cross complaint alleging the illegality of the transactions and seeking damages. CBS dismissed its complaint one month before trial and the case proceeded to trial on the cross complaint. After one and a half months in trial, the jury returned a verdict of $2,098,200.00. Before the matter proceeded to the punitive damages phase, CBS settled the case by paying $2,250,000.00.