To: scion who wrote (2107 ) 7/1/2008 8:24:04 PM From: scion Read Replies (1) | Respond to 07/01/2008 336 STATUS REPORT. Doc 336 extract PART 4[4] As noted in earlier reports, there were two trials in this one case, against two different groups of defendants. In the first case, there was a default judgment on liability and, therefore, only the issue of damages was tried to a jury. In the second trial, the defendants did not have counsel. In the first case, a judgment was entered against all three defendants jointly and severally, for $388,908,600. It was comprised of $87,622,000 in compensatory damages, $26,286, 6000 of prejudgment interest and $275,000,000 in punitive damages. The second trial resulted in a judgment for $137,407,253.10, including pre-judgment interest. The total cash collected to date resulting from both a cash payment and stock liquidations, all stemming from collection efforts directed at defendant Ronald Williams, is $1,123,500.71. This sum went to pay Mr. Tifford’s contingency fee and expenses and to pay Mr. Tifford for his representation of the Company, Mr. Altomare, and Mr. Gunderson in this case. Mr. Tifford was negotiating with Williams and had reached an agreement with him for the turnover of some funds in September 2007. Williams failed to do so. It should be noted that Williams was charged with securities fraud in the Southern District of Florida in December 2007. Trial is currently set for July 2008, but there is a motion to continue pending.
