Jhaveri

Jhaveri v. Teitelbaum

Good Law
176 Cal. App. 4th 740·2009 Cal. App. LEXIS 1325·98 Cal. Rptr. 3d 268
Court of Appeal of CaliforniaAugust 12, 2009B203923California4,360 words

Opinion

Opinion

Flier, J.

Steven Teitelbaum (Teitelbaum) and Los Angeles Coin Company LLC (L.A. Coin Company) appeal from an order of the trial court directing respondents Indra S. Jhaveri and Mary Jhaveri, doing business as Kant-Sar International (the Jhaveris), to execute and deliver to appellants a partial satisfaction of the judgment entered in this case.

The Jhaveris previously obtained a jury verdict against appellants and their codefendant, Brian Dubois (Dubois) in the total amount of $5.2 million, and the court entered a judgment for that sum together with prejudgment interest.

The judgment consisted of (1) compensatory damages of $1.2 million against all defendants, jointly and severally, for breach of contract and fraud; (2) punitive damages in the sums of $1 million against Dubois individually, $2 million against Teitelbaum individually and $1 million against L.A. Coin Company; and (3) prejudgment interest.

In a nonpublished opinion, Jhaveri v. Teitelbaum (Nov. 28, 2007, B182898) (Jhaveri I), we affirmed the judgment in part and reversed in part. We affirmed the jury’s award of compensatory and punitive damages, but we reduced the amount of prejudgment interest awarded by the…

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