Marciano slapped with $370 million bill for defamation — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Marciano slapped with $370 million bill for defamation

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A Los Angeles Superior Court jury recently awarded $370 million in damages to five former employees who said they were defamed by Georges Marciano, co-founder of fashion company Guess, Inc., and an independent candidate in the 2010 California governor’s race.

The conflict stems from Marciano’s 2007 suit alleging that John Fahs unlawfully gained access to Marciano’s driver’s license, passport, Social Security card and credit cards under the guise of installing a program on his computer.

Marciano claimed that Fahs and fellow former Guess employees Miriam Choi, Camille Abat, Steven Chapnick and Elizabeth Tagle defrauded him for millions of dollars and stole several works of art.

The five filed civil defamation cross-complaints against Marciano for libel and emotional, professional and financial injury.

Marciano’s original suit was thrown out in 2008.

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