Two descendants of a co-founder of Anheuser-Busch and their family trusts were part of a group ordered on Friday to pay tens of millions of dollars to a company whose investors they allegedly swindled.
Attorney Jeremiah Nixon represented hundreds of people who had invested in an alternative energy company but wound up on the short end of what Nixon characterized as an insider deal. The son of the former Missouri governor, Nixon laid out a sordid scheme in his closing arguments in St. Louis County Circuit Court on Friday, arguing to the jury that Dennis Moore, along with Innerpoint Energy CEO Glenn Foy, feigned insolvency to more than 400 shareholders, even after their company struck a windfall in Michigan.
Nixon described InnerPoint as “a company built by many, stolen by few.” The jury ultimately agreed, hitting Moore, the Moore Family Trusts, and Foy with a verdict just a hair under $56 million…