litigation
confidence high
sentiment negative
materiality 0.80
FTFT faces $10.6M judgment after post-trial motion denied; will appeal
Future FinTech Group Inc.
- Court entered amended judgment of $10,598,379.93 on April 16, 2024, including $7.9M damages, $1.7M prejudgment interest, and $980K attorney fees.
- Post-trial motion to set aside verdict and for new trial denied by U.S. District Court for Northern District of Georgia on March 3, 2025.
- Company pledges to continue defense and appeal to the Eleventh Circuit.
- Judgment arises from breach of exclusive placement agent agreement with FT Global Capital in July 2020.
- Suit originally filed January 2021 in Georgia state court; removed to federal court February 2021.