Bedrosian v. Tenet Healthcare Corp. (Oct. 28, 2003, B166742), modified November 25, 2003

Defendant Tenet Healthcare Corp. hired Horvitz & Levy LLP to prepare a petition for rehearing after the Court of Appeal filed an unpublished opinion holding that, under an employment contract with plaintiff, a former company executive, Tenet owed plaintiff certain stock benefits worth $141,115,125, plus an additional $111,886,894 in prejudgment interest accruing since April 1995.

In response to the petition filed by Horvitz & Levy LLP, the court modified its opinion to hold that prejudgment interest accrued from October 2002, rather from April 1995. As a result, the court lowered the prejudgment interest award from $111,886,894 to $6,804,455, saving the client $105,082,439.

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