Applestein v. Kleinhendler

CourtDistrict Court, E.D. New York
DecidedApril 2, 2025
Docket1:20-cv-01454
StatusUnknown

This text of Applestein v. Kleinhendler (Applestein v. Kleinhendler) is published on Counsel Stack Legal Research, covering District Court, E.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Applestein v. Kleinhendler, (E.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK

ALLAN H. APPLESTEIN, an

individual, and DIATOMITE

CORPORATION OF AMERICA, a

Maryland corporation, MEMORANDUM AND ORDER

Case No. 20-CV-1454 Plaintiffs,

-against-

HOWARD KLEINHENDLER, an individual, WACHTEL MISSRY LLP, a limited liability partnership, and DOES 1 through 5,

Defendants. For the Plaintiff: For Defendant Kleinhendler: THOMAS H. VIDAL STEPHEN M. FARACI, SR. Pryor Cashman LLP Whiteford, Taylor & Preston L.L.P. 1801 Century Park East, 24th Floor 1021 East Cary Street, Suite 1700 Los Angeles, CA 90067 Richmond, VA 23219

For Defendant Wachtel Missry LLP: ALBERT A. CIARDI, III Ciardi Ciardi & Astin 1905 Spruce Street Philadelphia, PA 19103

BLOCK, Senior District Judge: On September 20, 2024, following a multiweek trial, a jury returned a $26 million verdict in favor of Allan Applestein and Diatomite Corporation of America (together, “Plaintiffs”) in their suit against Howard Kleinhendler and Wachtel Missry LLP (“Wachtel”) (together, “Defendants”). Plaintiffs’ allegations stem from a sale of land by Applestein—with whom Kleinhendler had a long-standing relationship—to a corporation set up by Kleinhendler, then a partner with Wachtel.

In connection with this sale, the jury found Kleinhendler liable for legal malpractice, fraudulent inducement, and exploitation of a vulnerable adult, and found Wachtel vicariously liable for his conduct. The jury awarded approximately

$11 million in compensatory damages and $15 million in punitive damages. Kleinhendler has now moved for judgment as a matter of law pursuant to Federal Rule of Civil Procedure 50, or, in the alternative, a new trial under Rule 59. Wachtel has also moved for judgment as a matter of law under Rule 50. The Court

may grant such motions if it determines there was legally insufficient evidence for the jury to find for Plaintiffs. There is a bad odor to this dispute, which concerns a real estate deal gone sour and the ensuing fallout among the various parties and

offspring of an incapacitated and Alzheimer’s-afflicted businessman. But this bad odor does not mean there was not legally sufficient evidence to support the jury’s verdict. There was. For the reasons set forth in greater detail below, Defendants’ motions are DENIED.

I. Background The Court assumes familiarity with the facts. In brief, Plaintiffs brought claims of legal malpractice, fraudulent inducement, and exploitation of a vulnerable adult against former Wachtel partner Kleinhendler and the Wachtel firm.1 Plaintiffs alleged that Kleinhendler, who had been Applestein’s lawyer

beginning in 2009, had taken advantage of the aging Applestein’s deteriorating mental state in connection with the sale of a 1000-acre parcel of Virginia land (“Fones Cliffs”). In 2017, Applestein sold Fones Cliffs for $12 million to Virginia

True Corporation (“Virginia True”), an entity comprising a group of investors organized by Kleinhendler. Virginia True paid Applestein $5 million at closing and financed the remaining $7 million via an unsecured loan from Applestein. Plaintiffs alleged that Kleinhendler had advised Applestein that taking a security interest in

Fones Cliffs to secure the loan was unnecessary and had promised via a side letter (the “Side Letter”) not to transfer or encumber the property. Plaintiffs also alleged that Kleinhendler nevertheless then separately struck an agreement (the

“Stockholders’ Agreement”) to sell shares in Virginia True to other investors, the Cipollones, in exchange for $5 million and a conditional right to encumber Fones Cliffs via a mortgage. Virginia True subsequently defaulted and declared bankruptcy.

1 This is a diversity action in which Plaintiffs brought solely state law claims against Defendants. Though the litigation began in the U.S. District Court for the Southern District of Florida, it was transferred to this District pursuant to 28 U.S.C. §1404(a) because it was related to a bankruptcy action pending in the District. See ECF No. 26. On September 20, 2024, the jury rendered a verdict in Plaintiffs’ favor. The jury found Kleinhendler liable for $11,163,984.85 in compensatory damages and

$15 million in punitive damages. The jury also found Wachtel vicariously liable for $112,767.52 in compensatory damages.

II. Legal Standard Defendants Kleinhendler and Wachtel have each moved for relief pursuant

to Federal Rule of Civil Procedure 50. ECF Nos. 258, 259. Rule 50 “imposes a heavy burden on a movant, who will be awarded judgment as a matter of law only when ‘a party has been fully heard on an issue during a jury trial and the court

finds that a reasonable jury would not have a legally sufficient evidentiary basis to find for the party on that issue.’” Cash v. Cnty. of Erie, 654 F.3d 324, 333 (2d Cir. 2011) (quoting Fed. R. Civ. P. 50(a)(1)). “That burden is ‘particularly heavy’ where, as here, ‘the jury has deliberated in the case and actually returned its

verdict’ in favor of the non-movant.” Id. (quoting Cross v. N.Y.C. Transit Auth., 417 F.3d 241, 248 (2d Cir. 2005)). For a posttrial motion pursuant to Rule 50(b), “a court may set aside the verdict only ‘if there exists such a complete absence of

evidence supporting the verdict that the jury’s findings could only have been the result of sheer surmise and conjecture, or the evidence in favor of the movant is so overwhelming that reasonable and fair minded persons could not arrive at a verdict against it.’” Id. (quoting Kinneary v. City of New York, 601 F.3d 151, 155 (2d Cir. 2010)).

Kleinhendler has additionally moved in the alternative for a new trial or remittitur pursuant to Rule 59. ECF No. 259. The standard for granting a Rule 59 motion is “less stringent” than that applied to Rule 50 motions, but still a high bar.

Manley v. AmBase Corp., 337 F.3d 237, 244–45 (2d Cir. 2003). The Court may grant such a motion when it “is convinced that the jury has reached a seriously erroneous result or that the verdict is a miscarriage of justice.” ABKCO Music, Inc. v. Sagan, 50 F.4th 309, 324 (2d Cir. 2022). Grounds for a new trial exist when the

verdict appears to be against the weight of the evidence, which the Court is free to weigh and need not view in the light most favorable to the non-movant. Manley, 337 F.3d at 244–45. Remittitur is appropriate in two circumstances: “(1) where the

court can identify an error that caused the jury to include in the verdict a quantifiable amount that should be stricken, and (2) more generally, where the award is ‘intrinsically excessive’ in the sense of being greater than the amount a reasonable jury could have awarded.” Anderson Grp., LLC v. City of Saratoga

Springs, 805 F.3d 34, 51 (2d Cir. 2015) (cleaned up). III. Kleinhendler’s Motion A. Legal Malpractice

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