2nd Circ. Affirms Koch Win In Fake Wine Case

Law360, New York (September 30, 2015, 4:37 PM EDT) -- The Second Circuit affirmed a judgment for billionaire William Koch in his suit against a wine counterfeiter on Wednesday, upholding compensatory and punitive damages over the fake Bordeaux wine Koch bought “as-is” at auction for more than $14,000 a bottle.

The three-judge appellate panel rejected Eric Greenberg's bid for judgment as a matter of law, saying the jury had seen enough evidence to find him liable for fraud and deceptive business practices in connection with the sale. The Second Circuit was also unswayed by Greenberg's contention that the alleged fraud wasn't directed at the public and he therefore shouldn't have been...

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