Reversal of Fortune: $1.45 Billion Verdict Vacated for Lack of Fraud-Free Valuation

Business Valuation UpdateVol. 13 No. 6
Legal and Court Case Update
June 2007

Access the Full Article

This article is available with a subscription to any of these products:
It is also available in this product:
Already a subscriber or product owner?  Login
This article is also available for purchase. (1,039 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
3639 Household Appliances, NEC
335210 Small Electrical Appliance Manufacturing
fraud
economic damages & lost profits
Morgan Stanley & Co. Inc. v. Coleman (Parent) Holdings Inc.
2007 Fla. App. LEXIS 4167
March 21, 2007
US
State Court
Florida
Court of Appeals
Dr. Blaine Nye (plaintiff)
Taylor

Summary

Court reverses $1.45 billion jury verdict based on lack of “fraud-free” valuation of securities.

See Also

Morgan Stanley & Co. Inc. v. Coleman (Parent) Holdings Inc.

Full Text of Court Cases
March 21, 2007

Florida Court of Appeals reverses largest jury verdict to date for economic damages ($1.45 billion) for lack of "fraud-free" evidence related to claims that investment bank helped to fraudulently inflate the value of plaintiff's target acquisition (Sunbea ...

This article also appears in:
Business Valuation UpdateVol. 13 No. 6
The Comprehensive Guide to Economic Damages, Seventh Edition