Judge Won't Reinstate $13.2M Inspired Tech Verdict

Law360, New York (April 7, 2011, 8:11 PM EDT) -- A Florida federal judge on Thursday rejected a bid by Inspired Technologies Inc. to reinstate a $13.2 million jury award that had been slashed to $3 million in its breach of contract battle with Intertape Polymer Corp.

Judge Gregory A. Presnell of the U.S. District Court for the Middle District of Florida ruled there was no basis for Inspired Technologies' motion to reinstate the award because there was no evidence to support it in the first place.

The legal fight stems from a January 2008 contract...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.