Motorola wins $4 billion lawsuit

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Motorola announced Thursday that it has won a $4.26 billion judgment against the Uzan family of Turkey, after a judge found that the Uzan-controlled Telsim Mobil Telekomunikasyon Hizmetleri company engaged in fraud.

The U.S. District Court for the Southern District of New York ruled that Uzan family members acted fraudulently when they routed $1.8 billion in funds--loaned by Motorola to Telsim Mobil--for personal use or to other companies they controlled. The court ordered the Uzan family members and companies they control to pay $2.13 billion in compensatory damages to Motorola and another $2.13 billion in punitive damages. The Uzan family could not be reached immediately for comment.