News Summary

• Byju Raveendran ordered to pay more than $1 billion in damages in litigation connected to allegations involving transfers of funds tied to Byju's Alpha.
• Court awarded $533 million on one claim and $540,647,109.29 on others, bringing the total to $1.07 billion.
• The ruling also notes that monetary contempt penalties ordered at $10,000 per day remain unpaid and have reached hundreds of thousands of dollars.
• The judge said the proceedings showed “a consistent effort to delay and obfuscate” and referred to the conduct as “breathtaking” in relation to discovery failures.