Hervé Larren fully vindicated from Billionaire partner frivolous lawsuit

The Best of 2019
Oct 3 · 2 min read

Billionaire heir Julio Santo Domingo convinced his Ivy League educated partner Hervé Larren to form and run a joint venture in order to secure lucrative deals. These deals included the Okeechobee Music Festival, their record label as well as technology and real estate investments. Once the transactions were safely secured, Santo Domingo called their bank to attempt to take control of the companies in order to reap the financial upside while proving to his family his business acumen.

Once Mr. Larren was informed by their mutual banker that Mr. Santo Domingo attempted to remove him, he offered to sell his stake as he could not trust his business partner anymore. Santo Domingo refused to make a formal offer and threaten to find “something” against Mr. Larren in to take possession of the assets. On September 10, 2015 Santo Domingo filed a lawsuit claiming that there had been “embezzlement” as this was a clause to get out of their joint venture. Mr. Larren who had kept impeccable audited records strongly denied these allegations.

Herve Larren, an entrepreneur from France and YPO member
Herve Larren, an entrepreneur from France and YPO member
Hervé Larren is an internet entrepreneur in areas such as blockchain, digital marketing and product development.

On January 24th, 2018, New York Supreme Court Judge Saliann Scarpulla dismissed all claims against Mr. Larren, finding that:

“Documentary evidence flatly contradicts Santo Domingo’s allegation,” and that “even giving Santo Domingo the most favorable inference he has not stated a claim. (Larren dismissal)

A few days later on January 29th, 2018, Judge Scarpulla upheld the lawsuit filed against Santo Domingo. Judge Scarpulla held that the claims filed against Santo Domingo were all valid and allowed the case to move forward in the NY Supreme Court. The claims against Santo Domingo included breach of contract, breach of fiduciary duty, tortious interference, unjust enrichment and defamation, amongst others. (Santo Domingo Breach)

On April 23, 2018, Kevin Ainsworth the lawyer for Santo Domingo submitted an affirmation asking the judge to be relieved from representing Santo Domingo as his client was unwilling to pay his legal fees. (Ainsworth Affirmation)

Despite Mr. Larren being fully vindicated and having the possibility to pursue a large settlement against Santo Domingo, he decided not to pursue further actions preferring to focus his time and resources on his endeavors. (Settlement)

Written by

Stories worth sharing from the past year.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade