After a bench trial in U.S. District Court, a Federal Judge in San Jose found that former top partners at Sedgwick LLP, represented by Edward R. Hugo and Bina Ghanaat, did not breach their fiduciary duty by accepting over $1.2 million dollars in financial returns in 2017.  The Court specifically held that the financial analysis presented by the Liquidating Trustee’s expert was, “not credible and entitled to little weight.”

Click to read the Judgement …

Click to read the Findings of Fact and Conclusions of Law …