Mergers & Acquisitions
May 20, 2009
$50 Million Added to Merger Fraud Award
A Superior Court jury has awarded $50 million in punitive damages on top of $300 million in actual damages to a Los Angeles venture capitalist.
Daily Journal Staff Writer LOS ANGELES A Superior Court jury has awarded $50 million in punitive damages on top of $300 million in actual damages against a wealthy Nashville entrepreneur who lost a seven-year legal battle with a Los Angeles venture capitalist, according to sources familiar with the matter. Judge Victor Chavez agreed to both sides' request late Friday to temporarily seal the punitive award. However, sources who sp...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In