Jury Awards $12M to Fla. Billionaire in Wine Spat

By: Associated Press Email
By: Associated Press Email

NEW YORK (AP) — A jury in New York has awarded $12 million in punitive damages to a Florida billionaire in his dispute over pricey wine.

Friday's federal court decision was another victory for William Koch.

On Thursday, the Manhattan jury found that he was sold fake vintage wine by California businessman Eric Greenberg. It awarded Koch about $380,000 in compensatory damages.

Greenberg said in a statement that he would appeal.

Outside court, Koch called the award "out of sight, over the moon!"

Koch also is a yachtsman who won the America's Cup in 1992.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-188
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 202752911 - kbtx.com/a?a=202752911