Judge Lowers Boeing Damages

Previous Entry | Next Entry
By
Muhammed El-Hasan
on October 24, 2008 9:15 AM | | Comments (0) |

It's still a big chunk of change.


Judge reduces damage award against Boeing in satellite case
From Tribune news services

LOS ANGELES -- A judge late Tuesday revised the damage amount in a trial involving Boeing Co., saying the Chicago-based aerospace company was found responsible for at least $370 million in damages in a dispute with ICO Global Communications Holdings Ltd. over the completion of a satellite telecommunications network.

The initial award calculated by jurors was much higher, at $742.2 million, but Judge Emilie H. Elias said after the jury panel had left the court that the jurors had made an error in "arithmetic," and she reduced the damages to $462 million.

Read the full article.

Leave a comment


Type the characters you see in the picture above.

About this Entry

This page contains a single entry by Muhammed El-Hasan published on October 24, 2008 9:15 AM.

I'm 'an Arab.' Do You Trust Me? was the previous entry in this blog.

September Home Prices Drop is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 4.25

Search

About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

Subscribe to RSS feed

Links

Advertisement