Four million, most of it going to the state and federal governments.
Addendum: The NCJ Blogthing has a little more information.
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April 29, 2009 at 10:15 pm
ED Denson
Paul Gallegos is vindicated.
April 29, 2009 at 11:02 pm
Eric Kirk
I would say so. 4 mil may not be what the plaintiffs were asking for, but it’s not a “nuisance settlement” amount either.
April 30, 2009 at 7:56 am
olmanriver
How come the Feds get the bulk of the bucks?
April 30, 2009 at 8:12 am
olmanriver
The NCJ account of the trial was good, there was even a shoutfest between the two giants to which the judge responded:
“Wilken noted for the record that she could not yell as loud as either attorney and asked them to submit written motions regarding their dispute.”
The reason given for accepting the annoyingly small settling: attorneys had suggested early in the trial.
“Plaintiffs’ attorney Philip Gregory …..said the plaintiffs were motivated to settle for the lesser amount because they were having trouble linking Hurwitz and Maxxam to the falsified SYP, because the judge had barred testimony and certain documents — mostly bankruptcy filings — that would have made a clear connection between Hurwitz and the alleged fraud.”
April 30, 2009 at 8:13 am
olmanriver
sorry about the extra phrase about the lawyers.
April 30, 2009 at 3:45 pm
Mr. Greenjeans
Rose is not going to like this nor take it sitting down.