A three-judge panel at the U.S. Court of Appeals for the Fifth Circuit has tossed all but $400,000 of a $21 million judgment against key players in the now-bankrupt Fort Worth-based company, Latitude Solutions Incorporated, which included Paul Mitchell and The Patrón Spirits Company co-founder John Paul DeJoria.
The court said trial evidence was insufficient to support the bankruptcy trustee's contention of a "pump and dump" stock scheme. Natalie Posgate has more . . .
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