Four brothers gathered in silence in the Los Angeles courtroom to hear the jury's verdict. The decision came after 20 years of legal maneuvering by the brothers — bitter decades filled with accusations of fraud, intimidation and betrayal. At issue was whether two of the brothers had struck an oral agreement nearly 30 years ago. Such a contract would determine ownership of vast real estate holdings worth billions, one of the highest stakes ever seen in a Los Angeles civil courtroom.
Over time, the portfolio grew to be worth about $1 billion, he testified. All the work to rebuild was his alone, he testified. 'My brothers don't know the business. They were in the diamond business. I was doing everything. Haresh was not staying here. The other brothers are overseas. Two brothers are in India. Haresh is in Israel. One brother is in Belgium,' Shashi testified. In 1999, Shashi had a heart attack.
Source: Real Estate Daily Report (realestatedailyreport.net)
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