$15.8M Executive Fraud & Breach Verdict Upheld in CA
Following a month-long jury trial in the Orange County Superior Court, a $15.79 million judgment was secured and fully preserved against Jackson Kwok, the former President and COO of California-based Genera Corporation, and his wife, Annie Mun Nee Wong. While Kwok successfully recovered $180,000 on a cross-claim alleging Genera breached a post-termination settlement agreement, the jury found overwhelmingly in favor of Genera Corporation on its cross-complaint. The jury determined that the senior executives abused their positions of trust to misappropriate and convert corporate funds for personal enrichment. Post-trial, the defense mounted extensive challenges, including motions for a new trial and judgment notwithstanding the verdict (JNOV). All motions were successfully defeated as untimely, leaving the multimillion-dollar verdict intact and securing an additional $623,256 in costs and expert fees for the company.
