Astra USA, Inc. v. Bildman

Hinkle, MargaretR., J.

On February 21,2002, after a seven-week trial, a jury found that Lars Bildman (“Bildman”) defrauded Astra USA, Inc. (“Astra” or “Astra USA”) and converted Astra funds. For this conduct, the jury awarded Astra $875,512 in damages.* The jury also found that Bildman wasted the assets of Astra, causing Astra $1,040,812 in damages. Further, the jury found that Bildman breached his fiduciary duly to Astra by making affirmative misrepresentations while he was its President and CEO, failing to disclose material information he had a duty to disclose, and improperly using Astra…