Digital Broadcast Corporation Permitted to Amend Complaint to Allege $200 Million Damages Against Ladenburg Thalmann & Co.WILMINGTON, Del. -- Digital Broadcast Corporation, a low cost/high quality provider of digital wireless television programming under the trade name AirCable America, announced today that it has been granted leave of court to amend its complaint to allege $200 million in damages against Miami-based securities firm, Ladenburg Thalmann & Co. and others. The amended complaint amended complaint n. what results when the party suing (plaintiff or petitioner) changes the complaint he/she has filed. It must be in writing, and can be done before the complaint is served on any defendant, by agreement between the parties (usually their lawyers), , which seeks $150 million in compensatory damages A sum of money awarded in a civil action by a court to indemnify a person for the particular loss, detriment, or injury suffered as a result of the unlawful conduct of another. and $50 million in punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. , alleges fraud, breach of fiduciary duty, and breach of contract in connection with a failed private placement of stock. Multiple motions to dismiss the complaint have been denied. The case is pending in the Supreme Court of the State of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , County of New York, before Justice Richard B. Lowe III. |
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