Judge awards $7.8 million based on CRA’s expert damages & forensic accounting testimony in asset misappropriation case

Following a bench trial in Supreme Court, New York County, on claims of misappropriation of assets, CRA’s clients were awarded $7.8 million in damages and pre-judgement interest based on James Donohue’s expert damages and forensic accounting testimony. The court found that the defendant, who managed privately held companies jointly owned by the parties that were involved in various real estate lending and other activities, had misappropriated a portfolio of loans and millions of dollars in company funds. The damages awarded were based on Mr. Donohue’s lost loan business damage and forensic accounting opinions concerning the misappropriation of corporate assets. CRA’s clients were also awarded prejudgment interest, legal fees, and costs in favorable post-trial decisions by the court.