Four Brothers Were Awarded $7 Billion After a Fifth Sibling Stole Family Assets

The Los Angeles County Superior Court returned a $7 billion verdict in favor of the prosecuting brothers, who claimed the fifth brother had misappropriated assets and broken an oral family partnership agreement.

The law firm representing one of four brothers involved in a 20-year high-stakes legal dispute with a fifth brother made this announcement.

A press release from one of the three boutique litigation and trial firms that represented the brothers, Ross LLP, stated that the jury granted the four siblings more than $4.5 billion in property interests in addition to $2.5 billion in monetary damages.

“The case arises out of a dispute between five brothers from India about more than 170 apartment buildings incorporating 17,000 units primarily in the San Fernando Valley region of Los Angeles,” according to Ross LLP.

Four Brothers Were Awarded $7 Billion After a Fifth Sibling Stole Family Assets

The five brothers were identified as Haresh Jogani, Rajesh Jogani, Chetan Jogani, Shashikant Jogani, and Shailesh Jogani in the legal firm’s statement.

“One of the brothers, Haresh Jogani, is listed on paper as the owner of the properties,” Ross LLP stated in a statement. “The other four brothers asserted that…Haresh was holding the properties on behalf of an oral family partnership.”

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After a five-month trial, the jury concluded in favor of the four brothers, determining that Haresh Jogani owes two of his brothers, Rajesh and Chetan, $750 million in damages in addition to real estate holdings worth over $1 billion.

Peter Ross, the lawyer for Rajesh and Chetan Jogani, said, “We are grateful to the jurors for their decision. Thanks to them, a long-standing wrong has been corrected, and this brother-against-brother war can come to an end.”

The largest award went to Shashikant Jogani, who a different law firm represented; the jury gave him $4.75 billion, while Shailesh, the fifth brother, was given $570 million.

Punitive damages are also awarded to the winning brothers, Rajesh, Chetan, and Shashikant, according to the jury’s verdict. This Friday is the date of the punitive damages hearing.

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