$1-Million Judgment in Phil & Jim’s Dispute
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The estate of a co-founder of the Phil & Jim’s TV & Appliance discount chain has been ordered by an Orange County Superior Court Judge to pay the Anaheim-based corporation $1 million.
The judgment stemmed from a suit brought two years ago by company chairman Philipe E. Delgado, who alleged that his late partner, James Ousterhout, had concealed a terminal illness for more than three years and falsified the company’s books to increase income to his estate and heirs. Attorneys for the Ousterhout estate said they intend to appeal the judgment.
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