Verdict Rendered in Favor of Plaintiff Matthew Hayden in Unjust Enrichment Case in Federal Court

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WEST PALM BEACH, Fla., March 14, 2024 /PRNewswire/ -- A federal jury issued a verdict in favor of plaintiff Matthew Hayden in the United States District Court for the Southern District of Florida [case number 9:21-cv-82051-MATTHEWMAN].

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PR Newswire

Retrieved on:

Thursday, March 14, 2024

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Tags:

AMMO, Professional, Palm Beach Gardens, Florida, Betrayal, District court, DCY, PALM, Acquisition, POWW, Multimedia, GunBroker.com, Urvan

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FLORIDA, UNITED STATES

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DOMNICK CUNNINGHAM & YAFFA

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WEST PALM BEACH, Fla., March 14, 2024 /PRNewswire/ -- A federal jury issued a verdict in favor of plaintiff Matthew Hayden in the United States District Court for the Southern District of Florida [case number 9:21-cv-82051-MATTHEWMAN].
After two and a half years of rigorous litigation, Mr. Hayden emerged victorious in his lawsuit in which he tried a single claim for unjust enrichment against Defendant Steven F. Urvan.
Mr. Hayden had an understanding from his communications with Urvan that Urvan would compensate Mr. Hayden for his efforts that led to the acquisition of Gunbroker.com.
Hayden asked a federal jury to award Urvan 1% of the benefit that Mr. Hayden provided to Urvan.

Verdict Rendered in Favor of Plaintiff Matthew Hayden in Unjust Enrichment Case in Federal Court

WEST PALM BEACH, Fla., March 14, 2024 /PRNewswire/ -- A federal jury issued a verdict in favor of plaintiff Matthew Hayden in the United States District Court for the Southern District of Florida [case number 9:21-cv-82051-MATTHEWMAN]. The trial team consisted of attorneys Fred A. Cunningham and Matthew T. Christ from Domnick Cunningham & Yaffa (DCY) and Adam Rabin and Lauren Johnson from Rabin Kammerer Johnson (RKJ).

After two and a half years of rigorous litigation, Mr. Hayden emerged victorious in his lawsuit in which he tried a single claim for unjust enrichment against Defendant Steven F. Urvan.

Mr. Hayden's lawsuit claimed that Urvan, founder of the online auction marketplace "Gunbroker.com," unjustly refused to compensate him for work Mr. Hayden performed that led AMMO, Inc. ("POWW") to acquire Gunbroker.com, LLC and affiliates, through which Mr. Urvan received $50 million in cash and 20 million shares of AMMO stock. Mr. Hayden had an understanding from his communications with Urvan that Urvan would compensate Mr. Hayden for his efforts that led to the acquisition of Gunbroker.com. Urvan, however, failed to pay Mr. Hayden once AMMO's acquisition of Gunbroker.com closed. Hayden asked a federal jury to award Urvan 1% of the benefit that Mr. Hayden provided to Urvan.

Reflecting on the verdict, Mr. Hayden stated, "I extend my deepest appreciation to my exceptional legal team whose faith in me, unwavering dedication and expertise, and absolute commitment to perfection were instrumental in securing this victory."

DCY Shareholder Fred A. Cunningham remarked, "This case was an example of putting your trust in someone and the betrayal of that trust due to greed. The jury's decision underscores that the law will not allow a defendant to escape payment when doing so would be blatantly unfair."

Adam Rabin, co-counsel for the plaintiff, emphasized, "Your word is your bond in the business world. If you perform services for someone, you deserve to be paid for the benefit you provided."

Domnick Cunningham & Yaffa remains one of the largest boutique litigation firms in the Palm Beach Gardens area with a national reputation for resolving complex cases and a deep commitment to serving our local community. Our firm is comprised of litigators dedicated to responsible advocacy and protecting the rights of catastrophically injured clients with excellence, integrity, and professionalism.

Rabin Kammerer Johnson specializes in complex business litigation, whistleblower-qui tam actions, and securities arbitration & litigation. The firm is dedicated to finding efficient and creative solutions to problems and providing outstanding legal advocacy for their clients before courts, juries, and arbitrators.

Media Contact: Natasha Diemer [email protected]/561-625-6260

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SOURCE Domnick Cunningham & Yaffa