Industries

Industry

Obtaining a Winning Verdict After a Business Relationship Dissolves

Our client, Learning Annex, is a national leader in the post-secondary education industry. In three decades of business success, it has established many professional relationships. After Learning Annex created a unique strategy to promote the business of a financial self-help guru through free preview seminars and found a perfect partner for the execution of that strategy, those parties then cut Learning Annex out of the deal. Ifrah Law was part of the legal team that helped Learning Annex vindicate its rights.

David Deitch of Ifrah Law was co-counsel in a lengthy jury trial in the United States District Court for the Southern District of New York in which Learning Annex sought to recover the value of the services it had provided under theories of quantum meruit and unjust enrichment. The jury found in favor of Learning Annex and awarded damages of over $14 million, which together with pre-judgment interest totaled over $20 million. The court upheld the verdict on liability, but ordered a new trial on damages. After a retrial of damages in April 2012, a second jury awarded Learning Annex even more: $15.8 million plus interest.

(Learning Annex Holdings, LLC v. Whitney Education Group, Inc., No. 09- Civ-4432 (SAS) (S.D.N.Y.))

 

View all Financial Services case studies

Happening Now

Tuesday, Apr 25, 2017

Ifrah Law’s Jessica Feil to Speak at GiGse 2017

  • Like Us on Facebook