A Philadelphia Common Pleas judge has awarded nearly $5 million in damages to the shareholder of two corporations who sued his former business partner alleging breach of fiduciary duty and diversion of corporate opportunity, among other claims.
Judge Albert W. Sheppard Jr. entered a judgment on Feb. 19 awarding $4,999,342 to Dr. Norman Werther, in part for revenue lost when his business partner, Craig Rosen, allegedly froze him out of both of the companies they co-founded and continued to profit from a number of variations on the concepts of those original companies.
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