Back in March, a Hennepin County jury awarded Alan Klapmeier a verdict of $10,000,000.00 in a lawsuit that Klapmeier brought against Cirrus Industries, Inc., the company that Alan Klapmeier co-founded with his brother, Dale Klapmeier. Alan Klapmeier has since moved on and he is now President and CEO of Kestrel Aircraft.
The lawsuit involved an alleged breach of contract — specifically an agreement not to “voluntarily make any statement, comment, or communication that would to a reasonable person, constitute disparagement of any of the other Parties or or that would be considered to be derogatory or detrimental to the good name or business reputation of the other Parties.”
The jury found that Cirrus breached that agreement, that Cirrus disparaged Alan Klapmeier, and that Cirrus’s breach caused Alan Klapmeier damages. Today, the trial judge, Hennepin County Judge Marilyn B. Rosenbaum, denied all of Cirrus’ post-trial motions in which Cirrus tried to get the verdict reversed or, alternately, reduced.
I was honored and proud to be on Alan Klapmeier’s legal team, which was led by Harry Melkonian, a California lawyer who is currently on the faculty of Macquarie Univiersity in Sydney, Australia.
Alan Klapmeier and his executive team’s deep passion for aviation plus decades of experience successfully bringing breakthrough products to the market have Kestrel well-poised for great success. It should now be cleared for take-off!