[heleny]

my understanding is that he didn't reverse the verdict

Judge Chalfant awarded $125,000* to William E. Simon and Sons for legal/etc. costs, and he dismissed* the jury award. The ruling appears to be a reversal of the jury decision (to a lay person), although he did not actually "reverse" the award to make Hindelang pay millions to the defrauded* investors.
* facts from one of yesterday's AP stories here

[Thud]

Yup, that's a complete reversal. Judge Chalafont just said that Simon's family firm was right, and that he completely disagreed with the jury's verdict.