Eugene Rome Obtains $9 Million Verdict Against Large International Bank
In January 2016, Partner Eugene Rome first-chaired and Associate Jerl Leutz second-chaired a two-week jury trial that concluded a four-year-long hotly litigated payment processing dispute. In the action, Mr. Rome and Mr. Leutz represented a Dutch payment processing company against one of the largest banks in the Philippines, as well as its payment processing division. The case involved a complicated multi-jurisdictional network of companies and individuals operating a sophisticated processing fraud. The jury returned a unanimous verdict on all counts, including conversion and fraud, in favor of their client, awarding $1.5 million in actual damages.
During the second phase, Mr. Rome persuaded the jury to award his client $7.5 million in punitive damages. In addition, a pre-judgment interest of $490,548 was added by the Court to the judgment, for a total of $9,516,707.