The former CEO of a ferry services company has been ordered to compensate his onetime employer to the tune of more than $2.8 million in lost profit damages.

U.S. District Judge Kathleen Williams entered her order against Hernan Calvo, the former head of Balearia Caribbean, in Miami on March 5. Williams ruled the defendant had breached his fiduciary duty to the company by deliberately withholding a business opportunity from the company while he still worked for them.

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