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Firm Defends Signified Investments LLC Against Fraud

March 16, 2007

HOUSTON (March 16, 2007) Bracewell & Giuliani LLP attorneys Coy M. Connelly and Tamara D. Stiner recently represented defendants Dennis Bordyn, David O'Keefe, and Signified Investments LLC, an investment company, against allegations of fraud and a request for declaratory judgment to void a promissory note and deed of trust.

The plaintiff sued Bordyn, O'Keefe and Signified Investments LLC to void a contract the parties entered into for a $40,000 loan secured by waterfront property. The plaintiff alleged that the defendants fraudulently induced him into entering the loan agreement and sought to void the contract due to lack of consideration.

Bordyn, O'Keefe and Signified Investments LLC countersued the plaintiff for breach of contract for failure to pay back the money under the loan and for fraud.  The defendants sought $66,000 in damages, which consisted of $40,000 for the principal on the loan and $26,000 in interest, in addition to $100,000 in attorney fees.   After a jury trial from February 27 through March 1, 2007, the defendants were awarded $33,000 in damages and recouped the full amount of their attorney fees.