Latest Guides

Business News

Settlement Between Businessman, Relatives Overrides Large Verdict Award

Published on Tuesday, May 23, 2023 | 10:16 am

A settlement has been reached in a lawsuit brought against the founder of the multimillion-dollar real estate business Kobeissi Properties in La Canada-Flintridge, which alleged he sexually abused two male relatives when they were children.

The accord overrides a Burbank Superior Court jury’s verdict last July awarding the now-adult brothers more than $12 million each for past and future pain and suffering and also resolves a related fraud action they filed against businessman Mike Kobeissi.

Kobeissi came to the U.S. from Lebanon as a teenager in 1982. 

The lawsuit, filed in October 2018, alleged that while Kobeissi was staying with a relative, he began sexually abusing the relative’s two sons by going into their rooms late at night for more than a decade.

Defense attorney Jerry Kaplan said after the trial that the vote in favor of the plaintiffs was 9-3 and that the dissenters believed nothing happened to the brothers.

“We think it’s a miscarriage of justice,” Kaplan said.

The notice of settlement filed Feb. 14 with Los Angeles Superior Court Judge Christopher K. Lui does not state the accord’s terms.

Get our daily Pasadena newspaper in your email box. Free.

Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.

Make a comment

Your email address will not be published. Required fields are marked *






buy ivermectin online
buy modafinil online
buy clomid online
buy ivermectin online