Palm Beach Judge Kicks $405k Jury Award to $0 in Stock Case
The plaintiffs asked for up to $65 million.
August 03, 2017 at 12:57 PM
3 minute read
A Palm Beach jury was too generous in awarding investors $405,000 after they claimed losing up to $65 million because they were blocked from selling stock, a judge ruled.
Jurors sided with William and Yessenia Soffin, who alleged they wanted to sell their shares in New York-based Clean Coal Technologies when the price was high, but were stopped by the company.
But Palm Beach Circuit Judge Richard Oftedal ruled Tuesday the Soffins shouldn't get a dollar. At the time William Soffin claimed he wanted to sell 15 million shares, an average of 3,600 Clean Coal shares were traded each day, the judge found.
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