March 16, 2010

Daily Record, Legal Times cover Venable’s $36M Penrose win

1 min

The Daily Record and Legal Times both covered a Montgomery County jury’s March 11 award of more than $36 million in damages and lost profits to Venable client the Penrose Group. The unanimous verdict was the result of a two-week trial in which the jury found that the two families that own five acres near the intersection of Old Georgetown Road and Rock Spring Drive in Bethesda, MD failed to honor agreements with Venable’s client.

Last week’s verdict ended more than three years of litigation over the project, and Venable partner Brian Schwalb, who led the trial team, expects the litigation to continue.

“If past is prologue, this group of defendants is [a] very well-funded, very tough group of people, and I don’t see them now all of sudden just saying, ‘Let’s do the right thing,’” Schwalb told the Daily Record last week.

In addition to Schwalb, Venable’s trial team included, partners Samantha Williams and Greg Hauptman, associates Michael Bracken and Lauren Eade, and paralegal Jana Gibson.

Partner Larry Katz and associate Kristen Burgers provided assistance on bankruptcy issues resulting from the defendants’ decision to place the entities they control into bankruptcy nine months before the start of the trial.