Del. High Court Affirms $10M Win For Italiana Coke

By Erin Fuchs (November 19, 2009, 5:37 PM EST) -- The Delaware Supreme Court has affirmed a $10 million default judgment for Italiana Coke SpA and Energy Coal SpA, which had enforced a settlement deal that ended the coal companies' fraud litigation against two energy investors.

Delaware's high court made the ruling Nov. 16, affirming the Delaware Chancery Court 's decision to hit Luca Minna and Laura Garrone with the hefty default judgment.

The trial court opted for the default judgment — further mandating that they pay more than $700,000 in attorneys' fees — after Minna and Garrone "willfully flouted" obligations to the court, including motions to compel, the state high...

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