Jury Clears ESGL Holdings and De Tomaso in CEO Compensation Lawsuit

Reuters

Feb 10

Jury Clears ESGL Holdings and De Tomaso in CEO Compensation Lawsuit

ESGL Holdings Ltd. announced a favorable unanimous jury verdict in the U.S. District Court for the Southern District of New York regarding litigation involving De Tomaso Automobili Holdings Limited. The jury rejected claims by former CEO Ryan Berris, determining he had no equity interest or contractual entitlement to compensation from De Tomaso, including any limited edition supercar. The verdict also upheld De Tomaso's counterclaims for breach of fiduciary duty against Berris and awarded damages. This outcome resolves previously disclosed litigation and clears De Tomaso and its owner, Norman Choi, of all allegations of fraud or dishonesty. ESGL continues to work toward closing its proposed business combination with De Tomaso, pending Nasdaq approval and customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESGL Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9651851-en) on February 10, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESGL Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9651851-en) on February 10, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ESGL","symbol_name":"ESGL HOLDINGS LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260210:nNDLRDy4W:1","article_id":"2610625141","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610625141","pubTimestamp":1770732010,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"ESGL Holdings Ltd. announced a favorable unanimous jury verdict in the U.S. District Court for the Southern District of New York regarding litigation involving De Tomaso Automobili Holdings Limited. 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The jury rejected claims by former CEO Ryan Berris, determining he had no equity interest or contractual entitlement to compensation from De Tomaso, including any limited edition supercar. The verdict also upheld De Tomaso's counterclaims for breach of fiduciary duty against Berris and awarded damages. This outcome resolves previously disclosed litigation and clears De Tomaso and its owner, Norman Choi, of all allegations of fraud or dishonesty. ESGL continues to work toward closing its proposed business combination with De Tomaso, pending Nasdaq approval and customary conditions.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESGL Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9651851-en) on February 10, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}