{"id":131630,"date":"2021-09-06T16:10:00","date_gmt":"2021-09-06T16:10:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2909235"},"modified":"2021-09-06T16:10:00","modified_gmt":"2021-09-06T16:10:00","slug":"mohamed-hadid-obtains-victory-in-mansion-dispute-after-6-week-trial","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/09\/06\/mohamed-hadid-obtains-victory-in-mansion-dispute-after-6-week-trial\/","title":{"rendered":"Mohamed Hadid Obtains Victory in Mansion Dispute After 6 Week Trial"},"content":{"rendered":"

After six weeks of trial and four days of deliberations, a Santa Monica jury vindicated luxury real estate developer Mohamed Hadid, father of Bella and Gigi Hadid, in a decade-long dispute with neighbors over the development of a residence in Bel Air, California.<\/p>\n

Plaintiffs Joseph (a founder of law firm Manatt, Phelps & Phillips) and Beatriz Horacek and John and Judith Bedrosian filed suit in 2018 claiming that Hadid had defrauded them and created a nuisance in connection with the construction of a luxury home located at 901 Strada Vecchia Road.\u00a0 At trial, Plaintiffs asked the jury to award them more than $26 million in damages.<\/p>\n

In its verdict, the jury rejected Plaintiffs’ claim that Hadid committed fraud or acted with malice.\u00a0 As to the nuisance claims, the jury, in a 9-3 split decision, awarded the Bedrosian Plaintiffs $300,000 in economic damages.\u00a0 The jury awarded the Horacek Plaintiffs $317,000 in economic damages and $2 million in non-economic damages.\u00a0 The award covered a fraction of the $9 million plus in attorneys’ fees that Plaintiffs incurred to prosecute the case and bring it to trial.<\/p>\n

Lead trial counsel Jeffrey H. Reeves of Theodora Oringher stated:\u00a0 “For many years now the Plaintiffs have been positioning this case in all manner of media \u2013 TV, social and print \u2013 as one based on fraud, malice and greed.\u00a0 Well, they just had six weeks to put before a 12-person jury the very best case they could put on to prove those things.\u00a0 They failed.\u00a0 After investing more than $9 million in an all-out litigation war against Mr. Hadid, Plaintiffs did not manage to convince the jury to even award 10% of the $26 million they were seeking as damages, much less get to a phase 2 trial on punitive damages.\u00a0 Mr. Hadid rightly sees this as an absolute vindication of his character and a positive step toward rebuilding his reputation that had been so badly tarnished at the hands of these plaintiffs.\u201d<\/p>\n

Trial counsel Christopher L. Pitet of Adkisson Pitet added:\u00a0 “The jury clearly saw this case for what it really was \u2013 an attempt to win a litigation lottery.\u00a0 We could not be more pleased with the verdict.\u00a0 Mohamed Hadid is a man of immense pride and integrity, and he could not be more grateful that the jury was able to recognize that with its verdict.”<\/p>\n

Finally, trial counsel Bruce Rudman stated:\u00a0 “At the end of the day, the plaintiffs lost more than they gained.\u00a0 Perhaps greed and over-reaching was their undoing.\u00a0 Mr. Hadid and his former long-time attorney James Zelloe, were burdened with proving a false narrative of fraud and other claims which should never have been brought.\u00a0 The jury did its job and saw though then most of the false narrative.\u00a0 No one really won here but we definitely feel vindicated.\u00a0 With prejudgment interest, the plaintiffs\u2018 claims seeking more than $26 million dollars would have been closer to $50 million dollars, plus potentially punitive damages.\u00a0\u00a0\u00a0 The jury has spoken.”<\/p>\n

Tags: Horacek<\/a>, Bel Air<\/a>, Bedrosian<\/a>, Rudman<\/a>, Pitet<\/a>, Manatt<\/a>, Hadid<\/a>, Reeves<\/a>, trial<\/a>, real estate<\/a> <\/p>\n

See Campaign: <\/strong>http:\/\/www.apjuris.com<\/a>
Contact Information:<\/b>
Christopher L. Pitet — (949) 275-5879 Jeffrey H. Reeves — (949) 231-9975<\/p>\n

Tags:<\/b>
Menafn<\/a>, Reportedtimes<\/a>, IPS<\/a>, PR-Wirein<\/a>, Financial Content<\/a>, Extended Distribution<\/a>, iCN Internal Distribution<\/a>, Legal Newswire<\/a>, Trial practice<\/a>, Commercial litigation<\/a>, California<\/a>, English<\/a><\/p>\n<\/div>\n

\n

Contact Information:<\/h3>\n

Christopher L. Pitet — (949) 275-5879
Jeffrey H. Reeves — (949) 231-9975<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

After six weeks of trial and four days of deliberations, a Santa Monica jury vindicated luxury real estate developer Mohamed Hadid, father of Bella and Gigi Hadid, in a decade-long dispute with neighbors over the development of a residence in Bel Air, California. 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