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West Coast Mint Files for Bankruptcy After Losing Defamation Suit

Submitted by jhartgen@abi.org on

Northwest Territorial Mint LLC put its coin-and-medallion-making operations into bankruptcy on Friday, facing a demand to pay part of a $38.3 million defamation award — one of the country’s largest Internet defamation verdicts — to a Los Angeles businessman and his real-estate firm, the Wall Street Journal reported on Saturday. Officials for the mint, located near Seattle, listed the judgment owed to Bradley S. Cohen and to Cohen Asset Management Inc. as a “disputed” debt in bankruptcy court documents. The 200-worker company, based in the town of Federal Way south of Seattle, on its website calls itself the country’s largest private mint with other minting facilities in Texas and Nevada and die-cutting and sculpting facility in Green Bay, Wis.Northwest Territorial Mint LLC put its coin-and-medallion-making operations into bankruptcy on Friday, facing a demand to pay part of a $38.3 million defamation award — one of the country’s largest Internet defamation verdicts — to a Los Angeles businessman and his real estate firm.