Crime writer Patricia Cornwell wins $50.9M lawsuit
U.S. district court jury ruled unanimously in favor of the author
By Alexander C. Kaufman
Author Patricia Cornwell was awarded $50.9 million on Tuesday in a federal lawsuit against her former financial manager, according to court documents obtained by TheWrap.
Cornwell, whose best-selling series of crime novels stars the medical examiner Kay Scarpetta, sued Anchin, Block & Anchin LLP and its former principal, Evan Snapper, in 2009 for negligence and breach of contract.
A U.S. district court jury in Massachusetts on Tuesday ruled unanimously that the financial firm cost Cornwell and her company millions of dollars in losses and unaccounted revenue.
Lawyers for the New York firm said no money was missing from Cornwell's accounts and blamed losses on the economic recession and on what they considered the author's extravagant lifestyle, which included a $40,000 per month apartment in New York City and expensive cars and helicopters.
But Cornwell, 56, said Anchin began betting aggressively with her money and, in 2009, she found that her net worth was under $13 million, despite eight-figure earnings in each of the previous four years.
James Campbell, a Boston-based lawyer representing Anchin, did not respond to calls from TheWrap requesting comment.
Pamela Chelin contributed to this report
Congratulations Patricia Cornwell! I think these firms see all this money coming in and figure they'll get a little here and there and she'll never notice. Additionally, they all seem to blame the economy but if she was making a minimum of $10 million for the four years prior to filing the lawsuit, her net worth should NOT have been only $13 million! $40 million for those four years should have been providing a good interest amount for her to spend without touching much of the principle. You(the investment company) can't always blame the economy when you're playing with a client's money. If I was on the jury, I would have voted the same way.
I wish I could have just ONE year of earning eight-figures! That shopping spree would be fun!!