N.J. Fund Wins $40m in Defamation Lawsuit

(Nj.com) A Parsippany-based hedge fund and two of its principals received about $40 million in damages over a defamatory report in 2002 about the men and the company…An eight-person civil jury in Morris County awarded NuWave Investment Corp. and its principals Troy Buckner and John S. Ryan a total of $40,407,446 in “actual special damages” and “actual general damages” on Thursday in the company’s case against BackTrack Reports, Inc…

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