Investors Awarded $26M Over Failed Vegas Casino Venture

Law360, New York (May 30, 2013, 3:12 PM EDT) -- A group of investors recently won $26.5 million in damages in a long-running legal dispute over a failed Las Vegas hotel and casino venture after a Texas federal judge found they had been wrongfully squeezed out of the deal, the group's attorneys said Tuesday.

Judge Royal Furgeson awarded the punitive damages on May 22 after finding that Gary Kornman and his company AE Marketing LLC had lied and schemed to take control of the investor group's interests in a Las Vegas hotel that he wanted to...
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