MONTREAL, June 27, 2012 /CNW Telbec/ - Deeming the damages of $55
million awarded by Justice Elizabeth White to Gary Iskiwitz to be
excessive and based on insufficient proof against Guess Jeans founder
Georges Marciano, three judges at the California Court of Appeal
unanimously reversed the decision and ordered the trial to be sent to a
different judge, finding Justice White abusive and that she had
"repeatedly personalized the issue of damages."
The situation is likely to be the same for all the other trial judgments
in the cases of Joseph Fahs, Miriam Choi, Camille Abat, Steven Chapnick
and Elizabeth Tagle rendered against Mr. Marciano. These appeals will
be heard in the coming months. Canadian lawyers for Mr. Marciano
believe that if the appeals are successful, the reversal of the
judgments will, for all practical purposes, nullify the reason for the
forced sale of Mr. Marciano's properties.
It will be recalled that on December 8, 2011, Honourable Justice Mark
Schrager of the Superior Court of Quebec deemed the seizures (money,
property, artworks, luxury cars, jewels, etc.) to be illegal and
cancelled them. He ordered the US trustee David Gottlieb and
PriceWaterhouseCoopers to return, at their own expense, all assets
seized from Mr. Marciano and the third parties involved.
SOURCE ENIGMA COMMUNICATIONS INC.
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