McCuneWright Obtains a $23.3 million Verdict on Behalf of a Shareholder of a Closely Held Corporation

Following a six-week trial in a California Superior Court, McCuneWright partners David Wright and Kristy Arevalo obtained a verdict of $23.3 million on behalf of their client, a 50% owner of a closely held corporation, who had been frozen out of profit distributions by the other shareholder and board of directors. The Court awarded the $23.3 million in damages and set the case for further proceedings on the amount of punitive damages to award to McCuneWright’s client. It is believed that this verdict is that county’s highest verdict in 2014.