A New York jury found that the former chief executive officer of Italian supercar maker De Tomaso Automobili Holdings NA wasn’t entitled to a 10% stake in the company but awarded him $540,000 for his work there.
Jurors delivered their verdict last week in a dispute that erupted as De Tomaso, maker of the classic Mangusta and Pantera sports cars, was attempting a revival after a 2004 bankruptcy. In his 2023 suit, ex-CEO Ryan Berris claimed he was wrongfully fired for criticizing owner Norman Choi and denied promised compensation and incentives.