DAMAGES

CEO to Pay Ex-Intern $5M Over Harassment

A judge has ordered the chief executive officer of a venture capital firm to pay $5.6 million to the former intern he reportedly pressured into sex and then posted lies about online. A jury initially found that Benjamin Wey, head of New York Global Group, should pay $18 million in punitive and compensatory damages to Hanna Bouveng in the sexual harassment and defamation suit. That amount was reduced in an 111-page ruling on Thursday. Bouveng has until April 10 to decide if she wants a new trial or will take the reduced amount.