Calgon Carbon Awarded $10 Million In Fraud Case
Calgon accused Potomac Capital Investment Corp., Progress Capital Holdings Inc., and Florida Progress Corp. of hiding the true financial and operational condition of AST before Calgon purchased the ion separating company for more than $78 million on Dec. 31, 1996.
A jury on Friday found the holding companies guilty of negligent misrepresentation. The jury, however, ruled that...
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