Billionaire collector William Koch, after waging a $17 million legal battle over 24 bottles of counterfeit Bordeaux, was awarded $12 million in punitive damages by jurors, some of whom shook his hand after court.
Billionaire William Koch won a fraud lawsuit in which he claimed a consigner sold him 24 counterfeit bottles of wine from France’s Bordeaux region and may get punitive damages as the jury resumes deliberations.
When most people get a bad bottle of wine, they send it back. When billionaire collector William Koch concluded the vintage wines he bought at auction were counterfeit, he made a federal case out of it.
A former employee of William Koch can refile a lawsuit alleging the billionaire energy-company executive held him captive at a Colorado ranch, ruled a judge, who said it’s “not a case that’s just going to go away.”
Reverend Steven Jamison recalls the February day 13 years ago when he was digging ditches to replace culverts at his Maranatha Faith Center in Columbus, Mississippi. As he switched from a shovel to an excavator, an oily black substance began to fill the trench. It smelled like turpentine, and the deeper he dug, the more he saw, Bloomberg Markets magazine reports in its June issue.
Goldman Sachs Group Inc., just months after being assailed by an ex-employee for harboring a “toxic” culture, faces a harsh spotlight this month in Manhattan federal court over how well a senior official guarded its secrets.