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Burg Simpson Eldredge Hersh & Jardine, P.C.
Class Action Jury Verdict Confirmed and Judgment Entered in Excess of $1.5 Million for Breach of Fiduciary Duties
November 8th, 2008
The Arapahoe County District Court confirmed a jury verdict and entered final judgment for more than $1.5 million in both compensatory and punitive damages, jointly and severally against a Fort Collins-based private company, PR Pharmaceuticals ("PRP") and its President, Steven Howe, and CEO, Dr. Patrick Bols. This is a significant class action victory for all investors in the state of Colorado, including all minority shareholders, as it re-affirms the fiduciary duties that a majority shareholder and controlling officers and directors of a company owe to the minority shareholders not to run the company for the majority shareholders own benefit, to the detriment of the minority shareholders...
Source: Law & Health Weekly (2008-11-08)
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