Quinn Emanuel Urquhart & Sullivan partner Michael Carlinsky first met Lauro Rezende, formerly CFO of Brazil’s second-largest steel company, just over a year ago. But considering all that happened between that day and May 25, when Carlinsky won a $350 million victory against Rezende, it might have been a decade.
On May 25 a Manhattan federal jury ruled that Carlinsky’s client, Brazil’s Companhia Siderurgica Nacional — and not Rezende — was the rightful owner of a stock holding company estimated to be worth about $300 million. The jury also found that about $15 million in dividends that the holding company paid Rezende belonged to CSN, and that Rezende had “converted” $2.2 million from CSN.
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