Mergers & Acquisitions
May 13, 2009
Jury Awards Entrepreneur $300 Million
After a 4 ½ month trial, a state civil jury awarded $300 million in damages Monday to a Los Angeles venture capitalist who accused a credit card industry entrepreneur of fraud.
Daily Journal Staff Writer LOS ANGELES - After a 4 ½ month trial, a jury Monday awarded $300 million in damages to a Los Angeles venture capitalist who accused a credit card industry executive of fraud. The jury returns Thursday to deliberate on how much punitive damages to award Douglas Shooker, sole officer and director of Westwood-based Auerbach Acquisition Associates Inc. The $300 million figure represented a co...
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