honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser

Updated at 5:26 p.m., Wednesday, May 23, 2007

Businessman awarded $25.8M in Honsador case

Advertiser Staff

A Honolulu jury awarded a $25.8 million verdict to a Houston businessman who sued a Cleveland-based financial services company, alleging he was secretly cut out of a 2004 deal to buy Honsador Lumber Corp.

"At the end of a five-week trial, we asked the jury to return a verdict that would send a message about ethics and fair dealing in our business community," said attorney Mark Davis, who represented Richard R. Foreman against Key Principal Partners LLC and its parent company, KeyCorp.

"The jury did just that."