A $1 billion award for Lennar Corp. this month could end up among the largest jury verdicts so far this year. The jury awarded $802 million in compensatory and $100 million each in punitive damages real estate developer Nicolas Marsch III and his company, Briarwood Capital LLC.
December 09, 2013 at 05:44 PM
1 minute read
A $1 billion award for Lennar Corp. this month could end up among the largest jury verdicts so far this year.
The verdict, awarded on Dec. 2 in Miami-Dade County, Fla., Circuit Court, came in a case against California real estate developer Nicolas Marsch III and his company, Briarwood Capital LLC. The jury, which determined only monetary damages, awarded $802 million in compensatory and $100 million each in punitive damages against Marsch and Briarwood Capital.
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