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Business Torts / Breach of Fiduciary Duty / Fraud Partial

Posted in on September 3, 2017 - $249,122,685.00

Six Flags Over Georgia, LLC, Six Flags Fund, LTD, (L.P.), and George DeRoy, as Trustee of the Six Flags Claim Trust v. Time Warner Entertainment Co., L.P., Six Flags Entertainment Corp., Six Flags Theme Parks, Inc. and Six Flags Over Georgia, Inc., Superior Court of Gwinnett County, affirmed by Court of Appeals of Georgia, certiorari petition by Time Warner defendants denied by Supreme Court of Georgia (2/28/01).

The Time Warner defendants paid the full amount of compensatory damages awarded to plaintiffs, plus statutory interest of 12% per annum, then filed a petition for certiorari to the Supreme Court of the United States with respect to the punitive damages portion of the verdict. (That petition was “GVR’d” (granted, decision vacated, and remanded for consideration by the Court of Appeals of Georgia in light of the U.S. Supreme Court decision in Cooper v. Leatherman Companies on 10/1/01.)