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Patrick Byrne wins $79.5M judgment against Ameris Bank for whistleblower retaliation and unpaid wages

Market News
29 Jul 2026, 02:37 WIB
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Bearish
Patrick Byrne wins $79.5M judgment against Ameris Bank for whistleblower retaliation and unpaid wages

Patrick Byrne, founder of Balboa Capital, was awarded $79.5 million in a judgment against Ameris Bank for wrongful termination, whistleblower retaliation, and unpaid wages. The unanimous jury found Ameris liable for malice and oppression, awarding $16.6 million in compensatory damages and $62.9 million in punitive damages. The case highlights employee rights and corporate accountability, with Ameris planning to appeal but already accounting for the loss in its financials. Additional claims for other affected employees are being prepared by Byrne's legal team.

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