- Plaintiff
- Trackfinders Music Group
- Represented By:
- Felder, Precious (Law Office of Precious Felder)
Trackfinders Music Group v. Baoming Group
VERDICT
Trial
10/26/15 – 10/29/15
Summary
In this suit, plaintiff allegedly agreed to invest $250,000 to lease an instrument called a "Bank Guarantee" from the Baoming Group, a Hong Kong Company; Jeffrey Cole put plaintiff in touch with Baoming's US agents, Baomnig Group LLC and Jefferson Blair. Plaintiff allegedly paid the money to Baoming Group LLC and Blair and it allegedly disappeared.
Outcome
Verdict for Plaintiff.
Defendants Baoming Group, LLC, Jefferson, Blair, and Jeffrey Cole were all found to have committed fraud.
Damages for Fraud: $250,000
Expenses: $5,000
Apportionment of fraud damages: Jefferson Blair 100%, Baoming Group 0%, Jeffrey Cole 0%
Liquidated damages for breach of contract: $2,000,000 plus interest
Expenses: $5,000
Apportionment of liquidated damages: Baoming Group 50%, Jefferson Blair 50%
Unjust enrichment (plaintiff does not get a separate recovery for unjust enrichment); $250,000
Apportionment of unjust enrichment damages: Baoming Group 50%, Jefferson Blair 50%.
TOTAL VERDICT:
Liquidated damages for breach of contract: $2,000,000 (+interest)
Fraud: $250,000
Expenses: $10,000
TOTAL: $2,260,000 (+ interest)
Rockdale County State Court
- Plaintiff
- Defense
- Verdict
- $2,260,000
- Case Number
- 2013-SV-1202
- Industry
- Finance
- Practice Area
- Fraud, First Amendment
- Expert Witnesses
Sessions
PM Session
Plaintiff Witness(es)
13 Chapters
AM Session
Plaintiff Witness(es)
5 Chapters
PM Session
Plaintiff Witness(es)
10 Chapters
PM Session
Closings
13 Chapters
AM Session
Defense Witness(es)
11 Chapters
AM Session
Verdict
4 Chapters
Recording Disclaimer: This proceeding was recorded in full.