The rich get richer

Turns out investor Ron Perelman, long regarded as a financial titan and one of the savviest business people around, is in fact a witless dupe of evil Wall Street manipulators.  The billionaire, whose own hijacking of TransUnion Corp. is a staple in business organizations casebooks (as Smith v. Van Gorkom) under “breach of the duty of care,” won a neat $600 million in compensatory damages from the investment banking house (and its shareholders) whom he says misled him into thinking Sunbeam Corp. was more financially successful than it was.  Still to come:  The punitive damages phase.