Property owners in Missouri recently received a $130 million jury verdict in a class action lawsuit that included vital testimony from Greenfield Advisors Chairman and Co-Managing Director Dr. John A. Kilpatrick. Attorneys for the property owners successfully argued that Sho-Me Power Electric Cooperative was trespassing when it ran fiber optic cable on more than 3,500 properties without paying the property owners.
The verdict, which could end up being one of the largest awarded by a jury in the U.S. this year, followed the testimony of Dr. Kilpatrick, a licensed real estate appraiser in all 50 states and Washington, DC. The real estate valuation expert testified to the value of the land being used in accordance with trespass damages, and the jury agreed with his assessment.
It was not the first time Dr. Kilpatrick successfully argued the value of the property in the case. In 2015, a jury awarded the claimants $79 million in damages based on Dr. Kilpatrick’s testimony. However, the verdict was appealed, and an appellate court ruled that the damages phase of the case had to be retried.
“It was an honor to be a part of such an important case and to help out these property owners,” said Dr. Kilpatrick. “Working with a professional like attorney Ron Waicukauski always makes my job easier.”
Dr. Kilpatrick’s testimony was supported by research and analysis by the Greenfield Advisors team. For more than 40 years, the firm has provided clients with accurate and timely analysis of property related issues of all shapes and sizes across the country.
“I’m proud of the way our team worked together on this case, and when we had to look at the valuation from a different angle, there was no hesitation in diving back in,” Dr. Kilpatrick said. “It speaks to the professionalism of our entire staff.”
The case, Chase Barfield, et al. v. Sho-Me Power Electric Cooperative, et al., was tried in the U.S. District Court for the Western District of Missouri. For more about Greenfield Advisors, visit www.greenfieldadvisors.com.
About Greenfield Advisors
Founded in 1976, Greenfield Advisors is a boutique economic and financial analysis firm that provides government and private sector clients with customized consultations and advisory services. Best known for its analysis of complex economic, financial, and real estate situations in high-profile litigation matters, Greenfield Advisors also develops feasibility studies, business plans, and appraisals for its clients. Greenfield Advisors’ subsidiary, Bartow Street Capital LLC, serves as its investment banking and capital raising arm, and its subsidiary, Accre LLC, acts as an investment principal. Learn more about Greenfield Advisors by calling 206-623-2935 or visiting www.greenfieldadvisors.com.