Jury awards $12.7M against MSP Recovery LLC; company and CEO exonerated on fraud claims

MSP Recovery, Inc.

Jury exonerated MSP Recovery, Inc. and CEO John H. Ruiz on all fraud and misrepresentation claims.
But jury found subsidiary MSP Recovery, LLC breached an oral contract, awarding plaintiffs $12.7 million.
Verdict may impair the company's ability to raise capital or continue as a going concern.
Company plans post-trial motions and appeal, arguing integration clause bars any oral contract.

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