Brief: Silvaco Group Says Jury Awarded $17 Mln In Punitive Damages To Be Paid By Company Relating To Fraud Claims

Silvaco

19/08/2024 12:20

Aug 19 (Reuters) - Silvaco Group Inc  SVCO.O :
    * SILVACO GROUP INC - ON AUGUST 16JURY AWARDED PUNITIVE
DAMAGES
AGAINST CO, ITS CHAIRPERSON KATHY PESIC, AND FORMER BOARD MEMBER
ILIYA PESIC
    * SILVACO GROUP INC - JURY AWARDED $17.0 MILLION IN PUNITIVE
DAMAGES TO BE PAID BY COMPANY RELATING TO FRAUD CLAIMS
    * SILVACO GROUP INC - JURY AWARDED NANGATE PARTIES PUNITIVE
DAMAGES OF $6.0 MILLION TO BE PAID BY PESIC, AND $10.0 MILLION
TO BE PAID BY PESIC
    * SILVACO GROUP INC - IN ADDITION, CO MAY BE REQUIRED TO PAY
CERTAIN COURT AND LITIGATION RELATED COSTS, CERTAIN EXPERT
EXPENSES OF NANGATE PARTIES
    * SILVACO GROUP - ANTICIPATES FINAL JUDGMENT TO BE ENTERED
BY
JUDGE IN NANGATE LITIGATION LATER IN Q4 OF 2024 OR IN Q1 OF 2025

Source text for Eikon:  ID:n0001628280-24-037630 
Further company coverage:  SVCO.O 

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