Co-founder of Guess Jeans loses in lawsuits

Guess Inc. former co-founder George Marciano filled a lawsuit against his five employees. In 2007, Marciano sued five of his former employees accusing them of stealing his e-mails and other personal information and were part of a conspiracy to sell art and wine from his collection. The defendants counter sued him for defamation and intentional infliction of emotional distress. The jury found Marciano liable to each of his former employees for $74 million, with charges totaling $370 million.
Marciano tried to ruin the reputation of Gary Iskowitz his former accountant and founder of Gary Iskowitz & Company LLP,an accounting firm serving businesses and high-wealth individuals and families. According to Iskowitz attorneys, Marciano initiated his campaign after Iskowitz investiged and found no basis for claims by Marciano that his five employees were stealing from him. Because those employees were awarded, he set out on a premeditated plan to ruin Gary Iskowitz. During his libelous campaign against Iskowitz, Marciano undertook numerous actions to damage his repuatation. He filled a complaint against him in the California Board of Accountancy, submitting IRS 1099 forms claiming that Iskowitz was paid $460,000 and accusing him of numerous crimes. He also accused Iskowitz in more than 30 letters and emails he sent to banks, public agencies and business associates of Gary Iskowitz. The judge found the allegations to be completely and utterly false. Marciano was ordered to pay Gary Iskowitz $45million for libel and emotional distress and $5million each to his wife and business partner who are CPA s for libel, with charges totaling $55million.