A year?
Huron law group Wins $7.2 Million Verdict - A jury has ruled in favor our clients Hi-Val, Inc., Mr. Mark Vakili and Mrs. Mitra Vakili, in their breach of contract and fraud suit against IOM Holdings and Mr. Tony Shahbaz. The verdict, which was delivered on February 21, 2003, provided a total damage award of $7.2 million for breach of contract and fraud. The damage award includes punitive damages against Mr. Shahbaz in the sum of $1,350,000. Mr. Shahbaz is currently, and was at the time the fraud took place, the chief executive officer of IOM Holdings and its parent company, I/O Magic (Nasdaq: IOMG).