This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Real Estate

Feb. 8, 2024

Brother never intended to honor verbal agreement, jury told

Shashi Jogani used loans from his four brothers to purchase and rehabilitate hundreds of apartment units on their behalf, expecting to get 50% ownership after repayment of the loans plus interest, his attorney, Michael E. Friedman, said in closing arguments of a 20-year-old case.

LOS ANGELES -- A man accused of pushing his brother out of a lucrative real estate partnership never intended to honor their verbal agreement that underpinned a portfolio worth $1 billion, plaintiff's attorney Michael E. Friedman said in his closing arguments on Wednesday.

"Haresh never intended to honor his word. He was going to cheat his brother out of six years of his life, his entire property portfolio, and everything Shashi had worked to build," Friedman said, ad...

To continue reading, please subscribe.

Already a subscriber?

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)