--Krane & Smith Represent Widow Bilked of Millions--
LOS ANGELES, September 24, 2010 -The Encino-based law firm of Krane & Smith has won a $94 million final judgment for compensatory and punitive damages on behalf of a young widow and her children whose trusts were grossly mismanaged by former Qualcomm director and shareholder Neil Kadisha, a family friend whom she had asked to oversee her deceased husband's estate. In an opinion certified for publication, the California Second Appellate District Court's decision affirmed a substantial portion of the trial court’s damage award, reversed an initial award of reduced attorney's fees and added pre-judgment interest of approximately $20 million.
"The Appellate Court realized that the initial judgment did not fully recoup our client’s substantial losses and reversed and awarded prejudgment interest of approximately $20 million to ensure adequate...