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Florida Federal Jury Clears Submarine Builder in Dubai Case

March 3, 2011

March 01, 2011

Florida resident, Herve Jaubert, was yesterday unanimously cleared by a federal jury of breach of contract, fraudulent misrepresentation, negligent misrepresentation, breach of fiduciary duty and conversion, in the Federal Court, District of Southern Florida.

These are the equivalent civil charges as were leveled at him in a criminal case in Dubai in June 2009, where a court found him guilty in absentia and sentenced him to 5 years imprisonment.

The jury also ruled that Jaubert’s claim for abuse of process was not adequately supported by the evidence provided.

“This result means I am completely vindicated. The case in Dubai was totally baseless and without merit” said Jaubert. “I am of course disappointed that my claim for abuse of process failed, but unfortunately the judge was unable to permit the jury to hear testimony from two witnesses, a former employee of Exomos, (the Dubai World submarine company that Jaubert was engaged to run) and the wife of a former employee of a related Dubai World investment company, who both suffered similar abuses of process at the hands of the plaintiffs”.

The damages awarded were in fact a technical matter in regards to the delivery of assets from Mr. Jaubert’s previous company, Seahorse Submarines Inc., in 2004/05. The company has long since folded and we felt there was little merit in wasting the court’s time defending a matter of no merit or possible recoverability, said Mr. Jaubert.

So, what’s next for Jaubert? Speaking from his office this morning, “With this stress behind me, I can go back to what I do best, building submarines” he said. “Watch this space, plans to open a new factory in West Palm Beach are already at an advanced stage.”

Ends

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