Billionaire investor Ronald Perelman became quite a bit richer today. Bloomberg News reports that a Florida jury awarded Perelman $604.3 million in damages from the Morgan Stanley investment firm.
Perelman claimed that Morgan Stanley officials were aware that Sunbeam, which has a plant in Neosho, was on the verge of bankruptcy when he agreed to sell his controlling stake in Coleman Co. to Sunbeam in exchange for Sunbeam stock in 1998