The Supreme Court of Alaska recently uphelda $330,000 judgment against Casciola, which he'd appealed. The Supreme Court said the $30,000 award for real damages and the $300,000 award for punitive damages were justified to "vindicate Alaska's legitimate interest in preventing particularly malignant conduct." In the earlier judgment, an Alaska court upheld F.S. Air's allegation that Casciola had misrepresented the availability of two engines for one of its Learjet medevac aircraft and refused to refund the $25,000 deposit the company had given the broker. In that deal, Casciola had agreed to provide two "freshly overhauled" engines for just $100,000, plus the cores from the old engines.
http://www.avweb.com/newswire/11_49b/leadn...tml?CMP=OTC-RSS
http://www.avweb.com/newswire/11_49b/leadn...tml?CMP=OTC-RSS
