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Court Upholds $1B Judgment for Motorola

Rejects claim that fraud damages amount to 'economic death sentence'

By Colleen Barry,  Newser Staff

Posted Nov 22, 2007 4:29 AM CST

(Newser) – A federal appeals court has upheld a finding of $1 billion in punitive damages against the Uzan family of Turkey for defrauding Motorola out of $2 billion in start-up loans, the Wall Street Journal reports. The family had argued that the damages were so high...   Read full story »

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