November 1, 2017 |
$60 million jury verdict for clients
KBG, along with attorneys from Humphrey, Farrington & McClain, the Klamann Law Firm, and White, Graham, Buckley & Carr, won a $60 million jury verdict for clients Dennis Demetre and Lori Lewis, who sold their family-owned company to HMS Holdings Corp. (“HMS”), a NASDAQ-traded company based in Irving, Texas. The jury, sitting in Supreme Court, New York County, unanimously found that HMS breached the Stock Purchase Agreement and awarded $60,000,000 in damages. With interest, the award is currently worth $87,000,000.