Stockbroker Can't Escape $1.6M Judgment: 8th Circ.
A three-judge panel unanimously upheld a September 2008 summary judgment ruling against Sherwin P. Brown, the president and 51 percent owner of Minneapolis-based Jamerica Financial Inc.
But the panel split on whether a nearly $870,000 disgorgement penalty and over $226,000 in prejudgment interest should stand. Circuit Judge James B. Loken questioned...
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