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February 11, 1992 | From Times Staff and Wire Reports
Ex-MiniScribe Exec Fined $250 Million: A Texas jury assessed Quentin T. Wiles, a Sherman Oaks resident, $250 million in punitive damages for his role in the collapse of MiniScribe, the now-defunct computer disk drive manufacturer he once headed. The jury found Wiles, 72, and three other defendants guilty of fraud, negligence, gross negligence and conspiracy to commit fraud. The New York-based accounting firm Coopers & Lybrand was ordered to pay $200 million.
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BUSINESS
February 11, 1992 | From Times Staff and Wire Reports
Ex-MiniScribe Exec Fined $250 Million: A Texas jury assessed Quentin T. Wiles, a Sherman Oaks resident, $250 million in punitive damages for his role in the collapse of MiniScribe, the now-defunct computer disk drive manufacturer he once headed. The jury found Wiles, 72, and three other defendants guilty of fraud, negligence, gross negligence and conspiracy to commit fraud. The New York-based accounting firm Coopers & Lybrand was ordered to pay $200 million.
