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A jury in the Central District of California returned a verdict in favor of Patrick Byrne, finding Ameris Bank liable…
ABCBAmeris Bancorp
A jury in the Central District of California returned a verdict in favor of Patrick Byrne, finding Ameris Bank liable for $16.525 million in economic and non-economic damages, plus statutory penalties, and approximately $62.9 million in punitive damages. The Company intends to appeal the verdict, noting that the ultimate outcome remains uncertain and the potential impact on financial condition and liquidity could be material adverse. Ameris Bancorp is a financial services company providing banking and equipment finance services.