2nd Circ. Nixes $27M From Symbol CEO's Fraud Judgment

Law360, New York (July 22, 2013, 7:21 PM EDT) -- The Second Circuit on Monday affirmed most of a $92 million judgment against a former Symbol Technologies Inc. CEO over fraud charges but nixed $27 million in interest, finding that default was warranted but that assets frozen in a related criminal case left prejudgment interest obligations ambiguous.

Most of the default judgment entered against Tomo Razmilovic, former Symbol CEO-turned-fugitive, will stick, but the court remanded the issue of prejudgment interest to the lower court, according to Monday's order. The court dismissed the Sweden native's arguments that...
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