Cases

In this case Sarkes Tarzian alleged that U.S. Trust had broken a contract with Sarkes Tarzian to sell it a number of its own shares which were involved in an estate administered by U.S. Trust. The case was tried before a jury with Sarkes Tarzian seeking $60,000,000 in damages. The jury awarded $4,000,000 in damages to Sarkes Tarzian and against our client, U.S. Trust. We appealed that case to the Seventh Circuit Court of Appeals in Chicago, Illinois. The Seventh Circuit reversed the jury verdict and ordered the trial court to enter an award in favor of U.S. Trust which it did. The Seventh Circuit ruling was appealed by Sarkes Tarzian to the U.S. Supreme Court and that Court refused to consider the appeal and denied the Petition for Writ of Certiorari filed by Sarkes Tarzian. The appellate cites for the Seventh Circuit’s ruling in this case and the Supreme Court’s rulings in this case are found atSarkes Tarzian, Inc. v. U.S. Trust Company of Florida Savings Bank, 397 F.3d 577 (7th Cir. 2005), reh’g and reh’g en banc denied, (Mar. 21, 2005), cert. denied, 126 S.Ct. 398 (U.S. Oct. 3, 2005) (NO. 04-1712). Lou Mrachek and Alan Rose were primarily responsible for this matter.