Koch Wins $12M Punitive Damages Over Counterfeit Wine

Law360, New York (April 12, 2013, 10:32 PM EDT) -- Billionaire William Koch won a whopping $12 million punitive damages verdict Friday against an Internet entrepreneur whom he had accused of consigning counterfeit wine to Zachys Wine & Liquor Store Inc. that Koch had bought at a Zachys auction. 

After a 13-day trial, a New York federal jury handed the punitive damages award — slightly more than the $10 million that Koch had sought  — based at least in part on its finding that former CEO of a 1990s Internet company Eric Greenberg’s willful misconduct on...
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