06/11/2026
BROUSSARD LAW WINS $3.36 MILLION JUDGMENT FOR BREACH OF FIDUCIARY DUTY AND FRAUD, INCLUDING PUNITIVE DAMAGES
Our client was a minority shareholder and executive who helped build a freight logistics branch from the ground up in Georgia. In 2018, the majority owner secretly sold the company with no notice to Mr. Song, no payment on his 15% equity stake or stock options, and no acknowledgment of his voting rights. Mr. Song came to Broussard Law to pursue accountability.
What followed was one of the most aggressively obstructed cases I have pursued because Defendants did everything they could to prevent disclosure of information. For example, Defendants submitted sworn affidavits testifying no responsive electronic documents existed, claiming that they negotiated the sale in person. We proved the obstruction was so egregious that the Court struck the defendants' Answer and entered default judgment as a discovery sanction.
I pushed harder. Through a court-appointed Special Master, we compelled the Defendants to retain an e-discovery manager that allowed us to oversee their collection of documents. We uncovered 51,101 responsive, electronically stored documents that Defendants had sworn did not exist.
Based on those documents and additional discovery abuses, I persuaded the Court to make an adverse finding of fact that the company sold for $10,000,000.
Following a bench trial on damages, the Court awarded my client $1,950,000 in compensatory damages, $1,252,434.18 in prejudgment interest, $100,000 in punitive damages, and $62,977.57 in attorney's fees — joint and several.
Discovery obligations and compliance with Court orders are not optional. That's especially heightened when the underlying facts involve fraud and concealment. Broussard Law will ensure that the opposition reveals everything or faces the consequences.
Congratulations to Mr. Song on his perseverance through a very long, obstructed road.
