Core Wealth Receives $42 Million Verdict – Santa Barbara News-Press

A Santa Barbara jury awarded a nearly $42 million verdict to local businessman Michael Klein and his company, Core Wealth Management, in a Superior Court civil trial that lasted almost two months and concluded Thursday. The case revolved around allegations that five former employees of Mr. Klein had plotted to steal confidential information and clients from Core Wealth, of which Mr. Klein was chief executive officer and sole owner, and form their own competing company.

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