Nancy and Mary Leprino are seeking $600 million to $900 million in damages.
The Leprino Foods trial, which started on November 28,
is halfway through, and there’s already been tears on the witness stand, a dramatic motion for mistrial, and big-dollar figures being thrown around. Leprino Foods is a private, Denver-based company that holds monopoly power over the mozzarella cheese industry. At the center of the case is its reclusive billionaire owner, James"Jim" Leprino, who, along with his two daughters, is being sued by nieces Nancy and Mary Leprino over a 2017 special distribution of tax-free money made to shareholders. Last week,“This is a case about spite”
That’s how attorney David P. Hersh, of Burg Simpson Eldredge Hersh & Jardine PC, described it in his opening statement representing minority stakeholders Nancy and Mary Leprino. He traces the root of that spite to 1965, when Jim and Michael Jr.’s father insisted the brothers exchange 25 percent of each other’s business. According to Hersh, Michael Sr. insisted on this to provide the younger brother, Jim, with a financial safety net in case the cheese business failed.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Aaron Dean Trial Day One: Long-awaited murder trial for former Fort Worth police officer beginsThe murder trial of former Fort Worth police officer Aaron Dean gets underway Monday morning in a Tarrant County courtroom.
Lire la suite »
20 iconic San Antonio foods and drinks that show what our city is all aboutOver recent years, San Antonio has racked up plenty of recognition for being a culinary destination. No small part of that comes down to the sheer volume of dishes and drinks our city either invented, made famous or elevated to new heights.
Lire la suite »
11 Keto-Friendly Foods That Are Also High in Fiber, Says DietitianWhile some of the best sources of fiber are not encouraged on the keto diet, there are still plenty of high-fiber, keto-friendly foods.
Lire la suite »
Dementia risk may increase if you're eating these foods, study says | CNNEating ultraprocessed foods such as hot dogs, French fries, sodas, cookies and ice cream could set you on the road to cognitive decline, a new study revealed, but there is a way to overcome the negative impact.
Lire la suite »
Here’s What Associate Editor Jarrett Melendez Is Cooking This MonthChocolate. Cheese. Meticulously putting together meals with enough pageantry and drama to dazzle the senses of some party guests.
Lire la suite »