Saturday, November 12, 2022

Trial in Jacob Frydman Suit Against Verschleiser Had Plaintiff Long On Witness Stand Now Wins

 

By Matthew Russell Lee, Patreon Maxwell book
BBC Honduras - CIA Trial book - NY Mag

SDNY COURTHOUSE, Nov 9 – Jacob Frydman filed a RICO and defamation lawsuit against Eli Verschleiser and others in 2014. 

 On October 24, 2022, U.S. District Court for the Southern District of New York Judge John G. Koeltl was presiding over the trial. Inner City Press went and covered it.

    The defense, even after eight years, made an eleventh hour request for an adjournment of the trial. It was not granted.

 Arguments about the admissibility of exhibits are to be submitted in writing - while some exhibits are Internet postings, others are articles as to which hearsay exceptions might apply.

Judge Koeltl told the parties it would benefit both sides not to rule on objections in front of the jury and give the impression either of obstruction or overreach.   

While Judge Koeltl gave preliminary instructions to the ten selected jurors and alternates, one of the defense counsel came to the back of the courtroom and asked Inner City Press what its connection to the case is.

Press, was the answer.

 He asked, "Are you here because of Jacob?" 

  The initial complaint in the docket omits pages 2 through 21.

On October 25, Frydman was on the witness stand, listing damages in connection with Bancorp and square footage price of real estate. There were substained objections to attempted testimony about Intermedia and "Host Pilot" logs.

On October 26, Frydman was still on the stand, walking through small type Excel spreadsheets the jurors strained to look at on their screens. He was asked, on direct, to define EBITDA. Why, earnings before interest, taxes, depreciation and amortization, of course.

On November 9, formalized into the docket, this: "Minute Entry for proceedings held before Judge John G. Koeltl: Jury Trial completed on 11/7/2022. Jury verdict for plaintiffs against defendant Eli Verschleiser for $1,433,005, plus $700,000 punitive damages, for total of $$2,133,005. (Court Reporter Paula Horovitz) Associated Cases: 1:14-cv-05903-JGK, 1:14-cv-08084-JGK.

The case is Frydman v. Verschleiser et al., 14-cv-8084 (Koeltl)

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