Golenbock Eiseman Assor Bell & Peskoe Gets $3.2 million Jury Verdict Overturned for Panasonic

On January 7th the California Court of Appeal unanimously affirmed the dismissal of a 12 year old lawsuit filed against Panasonic by one of its former dealers. Panasonic was initially represented by a large local firm and was slapped with a $3.2 million jury verdict. Golenbock Eiseman Assor Bell & Peskoe LLP was asked by Panasonic to handle the appeal and succeeded in persuading the appellate court to overturn the verdict and remand the case for retrial. At retrial, Panasonic convinced the judge that the case should be dismissed because the plaintiff was unable to demonstrate that it was entitled to damages based on its claim that Panasonic had breached the dealer agreement. Jeffrey T. Golenbock tried the case and argued the appeal, effectively invoking, among other things, the rule that plaintiff’s alleged damages were not recoverable because they were not within the contemplation of the parties at the time the dealer agreement had been reached and were speculative.