Firm Negotiates Highly Favorable Settlement
Los Angeles, CA — March 2010
Lee Tran & Liang (LTL) is proud to announce another victory. The firm was retained less than three weeks before trial by four well-known entertainers, who were being sued for allegedly canceling a concert at the Verizon Wireless Amphitheater. The concert promoter and plaintiff, claimed $2.5 million in liquidated damages.
Despite obtaining a brief trial continuance, discovery remained closed. Using a combination of witness interviews and trial subpoenas, LTL was able to uncover key evidence that the concert was cancelled (1) because the concert promoter had sold less than 100 tickets (out of 16,000 capacity) one month before the show, (2) because the concert promoter did not pay the deposit demanded by the Verizon Wireless Amphitheater, and (3) because the concert promoter failed to obtain the requisite insurance for the show.
In light of this evidence, the concert promoter ultimately accepted a non-confidential settlement worth LESS THAN 4% of the claimed damages. The settlement amount was also far less than the estimated cost to the entertainer defendants of going to trial. “We are satisfied with the outcome of the case.” said partner Enoch Liang, who was in charge of the case. “We are committed to providing our client with the most aggressive and effective representation possible, and this case is evidence of that commitment.”
About Lee Tran & Liang
Lee Tran & Liang [“LTL”] is a Los Angeles based law firm focusing exclusively on business and intellectual property litigation. The firm’s partners have practiced at prominent multi-national firms, and are graduates of top law schools including Harvard, Stanford, and Columbia. Primary practice areas include business disputes [breach of contract, aggrieved investors and professionals, and commercial disputes] and intellectual property litigation [patents, trademarks, copyrights, and trade secrets]. What sets the firm apart is its ability to offer creative fee arrangements to meet its clients’ needs. The firm specializes in what it calls “1-to-10” cases – $1 Million to $10 Million business contingency matters. In appropriate cases, clients pay no legal fees unless either a verdict of settlement is reached. This is the LTL difference.