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Jury Awards $177M In 'Net Start – Up Fraud Case (access required)

A federal jury in Alexandria has awarded $177 million in damages to investors and salespeople for an Internet start-up company, in a securities fraud case. The verdict is the largest ever awarded by a jury in Virginia, said Bernard J. DiMuro of Alexandria, the Virginia lawyer on the plaintiffs' team. The case is instructive that small-firm ...

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