Simpson Thacher Landmark Jury Verdict for Gray Development Group Recognized as One of the “Top 100 Verdicts of 2010” by The National Law Journal
Simpson Thacher’s landmark jury verdict for real estate developer Gray Development Group was ranked sixteenth out of the “Top 100 Verdicts of 2010” by The National Law Journal’s VerdictSearch. This case, Epicenter Partners LLC v. Northeast Phoenix Partners, involved two competing commercial real estate developments in Phoenix. Simpson Thacher prosecuted the case through discovery throughout 2009, defeated the defendants’ motions for summary judgment in early 2010, and proceeded to trial in June. On July 27, 2010, following a six-week trial, a unanimous Maricopa County jury found for Gray Development on all counts and awarded Gray its full measure of damages. The verdict – over $110 million – was one of the largest in Arizona history. Prior to trial, Gray settled with another defendant for $6 million. Barry Ostrager and Michael Kibler presented the case at trial, with Mike Kibler serving as lead trial counsel. The trial team also included Los Angeles associates Jonathan Weiss and Ben Gold, New York associate Rachel Weiss, and paralegal Loretta Washienko.
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