Greenfield

Greenfield v. Kandeel CA2/5

Good Law
Court of Appeal of CaliforniaJune 14, 2022B297194California6,623 words

Opinion

Opinion

Kim, J.

I. INTRODUCTION

Plaintiff and appellant Greenfield LLC (Greenfield)1 brought an action against defendants and appellants Ayman Kandeel and AKCJ Management, Inc. (AKCJ) asserting causes of action for conversion, breach of fiduciary duty, common law fraud, and common law negligent misrepresentation.2 In a special verdict, the jury found in Greenfield’s favor on its conversion claims against defendants and on its fraud and negligent misrepresentation claims against Kandeel. On Greenfield’s conversion claims, the jury awarded $20.3 million against Kandeel, $5.7 million of which it awarded jointly and severally against Kandeel and AKCG. On Greenfield’s fraud and negligent misrepresentation claims, it awarded $25 million against Kandeel. Apart from its conversion, fraud, and negligent misrepresentation verdicts, the jury found that the al-Jarallahs could have avoided $25 million of the damages awarded against

On April 15, 2014, Jarallah al-Jarallah and his father Mohammed Nassar al-Jarallah (al-Jarallahs) assigned to Greenfield “all claims arising from their fraudulently induced investment of $78,200,000 against any and all responsible parties . . . and granted to…

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