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Verex, Inc. v. PR Pharmaceuticals, Inc., et al.

Date: 07-25-2008

Case Number: 2003CV2629

Judge: J. Mark Hannen

Court: District Court, Arapahoe County, Colorado

Plaintiff's Attorney: David Hersh and David TeSelle, Burg, Simpson, Eldredge, Hersh & Jardine, P.C., Englewood, Colorado

Defendant's Attorney: Michael Axelrad and David Wollins

Description:

Verex, Inc. sued PR Pharmaceuticals, Inc., Steven Howe and Dr. Patrick Bols on breach of fiduciary duties theories.

The defenses asserted by defendants are not available.

Outcome:

Plaintiff's verdict for compensatory and punitive damages of $1.3 million.

Plaintiff's Experts:

Lawrence Gelfond, CPA, and Gilbert McSwain, Esq.

Defendant's Experts:

Comments:

Still pending are issues involving prejudgment interest [8% per annum since 2003] and attorneys fees and costs.

About This Case

What was the outcome of Verex, Inc. v. PR Pharmaceuticals, Inc., et al.?

The outcome was: Plaintiff's verdict for compensatory and punitive damages of $1.3 million.

Which court heard Verex, Inc. v. PR Pharmaceuticals, Inc., et al.?

This case was heard in District Court, Arapahoe County, Colorado, CO. The presiding judge was J. Mark Hannen.

Who were the attorneys in Verex, Inc. v. PR Pharmaceuticals, Inc., et al.?

Plaintiff's attorney: David Hersh and David TeSelle, Burg, Simpson, Eldredge, Hersh & Jardine, P.C., Englewood, Colorado. Defendant's attorney: Michael Axelrad and David Wollins.

When was Verex, Inc. v. PR Pharmaceuticals, Inc., et al. decided?

This case was decided on July 25, 2008.