We get results! Steven R. Young has conducted more than 175 jury trials. Our verdicts and settlements include:
In the first successful prosecution of a hedge fund in the United States, Mr. Young obtained a $4,600,000 verdict against a hedge fund who induced a trust to invest with gross misrepresentations that municipal bond arbitrage derivatives were a low-risk, high-yield secure investment. The trusts invested $6,000,000 and within four months had lost $4,600,000. At the end of the 30-day trial, the jury returned a verdict of $4,600,000.
Several employees of a large public agency delighted in talking about junkets to Thailand for sex with children. When the agency’s Human Resources department refused to enforce its zero tolerance policies, the victim brought in Steve Young to try the case. Young charged that the talk and jokes created a sexually hostile work environment, and that other employees retaliated against her when the victim complained. After four days, the agency settled with the victim, paying a high six figure settlement.
Steve Young’s client saw all his assets disappear and his net worth dip below zero after being sued for allegedly running a ponzi scheme. The client came to Steve after other lawyers ran out all the client’s money and then withdrew as counsel. When Steve accepted the engagement, motions to strike the client’s answer and enter default were pending three days hence — with no oppositions on file. Steve convinced the court to forestall dismissal, to allow Steve and to respond to outstanding discovery. Avoiding death sentence sanctions, Steve prepared the case for trial, answered ready and six days into trial (after motions in limine and jury selection) settled the plaintiff’s $50,000,000 suit for a mutual walk away and hold harmless.
Part of a divorce decree for the parents of Steve Young’s client required the mother to make a compensating payment to buy the father out of her businesses. The judgment stipulated that the father set up a joint bank accounts with the grandparents as co-signatories to use the funds for the Mr. Young’s client’s college expenses. When the client needed money to pay tuition and room and board in college, the grandparents’ reply was, “There is no more money.” Steve sued the grandparents and father for breach of fiduciary duty and misappropriation. The father defaulted, and the grandparents defended claiming, “We only disbursed the money to father when he told us to.” The case resulted in a $600,000 judgment (including punitive damages).
Steve Young spent 3 months in trial representing the first company to import organic tequila into the United States. The company sued its allegedly majority stockholders for fraud and breach of fiduciary duty. After a two day declaratory relief trial that determined who the shareholders were (a disputed issue) Mr. Young then conducted a three month that resulted in a $31,000,000 judgment against four of the principals and directors of the company who had tried to misappropriate the company’s business and divert sales to a parallel company.