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1/25/2018 7:38:29 AM
Posted: 9/12/2002 12:11:18 PM EST
[url] http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020912/ap_to_po/simon_fraud_6[/url] [b]Judge dismisses fraud verdict against Simon investment firm Thu Sep 12, 2:12 PM ET By ERICA WERNER, Associated Press Writer LOS ANGELES - A judge Thursday threw out a politically damaging $78 million civil fraud verdict against gubernatorial candidate Bill Simon's family investment firm and ruled that William E. Simon & Sons was actually the victim. Superior Court Judge James C. Chalfant dismissed both the huge compensatory and punitive damages verdict against William E. Simon & Sons and a nearly $20 million verdict also levied by a jury against another investor group. He also awarded the investors $125,000 to cover their costs for fighting the charges. Simon, a Republican who faces Democratic Gov. Gray Davis ( news - web sites) in the November election, had described the July 30 jury verdict as "crazy" and "fundamentally flawed." "We're very pleased with the court's decision today and now it's time to move on with this election and talk about the issues," said Simon spokesman Mark Miner. "Gray Davis has nothing more to hide behind." [/b] More: [url] http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020912/ap_to_po/simon_fraud_6[/url] Ol' Red doesn't have too much to crow about now but I think he'll still win because the majority of KA voters are stupid.
Link Posted: 9/12/2002 12:22:18 PM EST
Link Posted: 9/12/2002 12:26:32 PM EST
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