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Article: U.S. Court of Appeals Affirms U.S. District Court Judgment Against Uzans.
- Article from:
- PR Newswire
- Article date:
- October 25, 2004
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Motorola, Inc. today announced that on October 22, 2004, the United States Court of Appeals for the Second Circuit ("the Appeals Court") affirmed the July 31, 2003 judgment for $2.13 billion rendered in favor of Motorola Credit Corporation and against the Uzan family of Turkey and their confederates ("the defendants") for perpetrating a massive fraud against Motorola.
As previously announced, in the July 31, 2003 judgment rendered by Judge Rakoff of the United States District Court for the Southern District of New York ("the District Court"), the District Court found that the Uzans and their confederates had perpetrated a "massive fraud" against Motorola in ...