Koch's $12M Win In Fake Wine Case Cut To Less Than $1M

Law360, New York (April 1, 2014, 6:00 PM EDT) -- A New York federal judge on Monday sharply reduced a $12 million damages verdict awarded to billionaire William Koch over his purchase of counterfeit wine, slashing a fine the judge called “excessive” to less than $1 million.

U.S. District Judge J. Paul Oetken upheld the verdict and said it was reasonable for entrepreneur Eric Greenberg to face punishment after a jury found him liable for selling Koch 24 bottles of purportedly rare Bordeaux that turned out to be fakes. But the size of the jury's selected...
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