Jogani

INTRODUCTION

Approximately 50 years ago, brothers Haresh, Shailesh, Rajesh, and Chetan Jogani orally agreed to partner together in what would become a global diamond business. In 1995, the four brothers orally agreed to team up with a fifth brother,

2 Shashikant Jogani (Shashi), 1 to invest in and grow Shashi’s existing real estate portfolio, thereby forming a separate real estate partnership. Haresh later denied that either partnership existed and claimed all partnership assets were his alone. In 2003, Shashi sued his brothers and related partnership entities for his rightful share of the real estate partnership and for related damages. Rajesh and Chetan later cross-complained against their brothers and related partnership entities for their respective partnership shares in both the diamond and real estate partnerships. In 2024, following a five-month jury trial and verdicts in favor of Shashi, Rajesh, and Chetan, the court entered judgment awarding declaratory relief (including a determination of each brother’s partnership shares), and compensatory and punitive damages along with prejudgment interest that totaled approximately $6.85 billion payable by Haresh and the…