Columbia County awards damages in investment case

A Columbia County Superior Court awarded nearly $1 million in damages and legal fees for a former investment company executive.

The jury awarded $180,000 in compensatory damages, $44,000 in legal fees and $750,000 in punitive damages in the trial concluded last month.

The plaintiff’s attorney, Andrew Tisdale, said his client Devendra Shantha sued Anupam Sharma for breach of duty in the handling of DAPS Investments. Tisdale was able to give the jury an idea of Sharma’s resources by showing the jury Sharma’s “Sugar Daddy” listing which said he made between $500,000 and $1 million a year.

The lawsuit was filed in 2013. Shantha and Sharma were 50-50 partners in DAPS Investments until the company was administratively dissolved in 2012.

 

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