Ameris Bancorp to Appeal $79.4M Wrongful Termination Verdict

Dow Jones06-13

By Connor Hart

Ameris Bancorp intends to appeal the verdict in wrongful termination case that found the company liable for $79.4 million in damages.

The ruling on Friday against its subsidiary, Ameris Bank, was in connection with a September 2024 complaint from Balboa Capital Founder Patrick Byrne, who alleged wrongful termination of employment, violations of whistleblower protection laws, nonpayment of wages and related penalties, and breach of contract.

"While the Company intends to continue to vigorously defend its position in this matter, the ultimate outcome of this matter is uncertain," Ameris said in a filing on Friday with the Securities and Exchange Commission.

The jury found Ameris liable for $16.5 million in economic and non-economic damages, plus associated statutory penalties, and about $62.9 million in punitive damages.

The company added it is evaluating the potential impact of the verdict, noting it could have a material adverse effect on its results of operations, financial condition and liquidity.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 12, 2026 19:27 ET (23:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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