In September 1997, a jury found Urban Decay co-founder Sandy Lerner and president David Soward liable for defrauding Patricia Holmes of her fair share of the company, awarding her $1.4 million. The jury accepted Holmes’s claim of an oral profit-sharing agreement; the defendants’ lawyer said he would seek to overturn or appeal the verdict.
Sources
https://www.sfgate.com/news/article/MARK-SIMON-Jury-orders-cosmetics-firm-2827808.php
A short time later, Soward and Lerner began cutting Holmes out of the company, the suit said.