- 15 - injuries consists of certain remarks that petitioner’s counsel made in closing arguments in the third jury trial. Although petitioners have neglected to favor us with citations to the record source of these remarks (which petitioners have paraphrased on brief), our independent perusals of the lengthy record have brought to light the following remarks in closing arguments in the USI litigation, which we infer are the remarks upon which petitioners seek to rely: USI interfered * * * with * * * [petitioner’s] relationship [with the Leesburg Bank], because after it learned that the dividends had been assigned to the bank, it wouldn’t let the dividends go to the bank. They just hid them, sat on them like a dog in a manger. They couldn’t cash them, they just held them. Well, we know that that caused problems with Gregg’s relationship with the bank. Thereafter, when he tried to make loans, he was turned down by the bank. We can’t tell you what the damage amount is, but they damaged him, they wronged him and the damages should be one dollar nominal damages. * * * * * * * The one dollar on the interference claim will justify your going into the punishment aspect of it and then you can allow punitive damages that will get their attention. From these remarks, it seems clear that the injury complained of was to petitioner’s business relationship with the Leesburg Bank and to his prospective economic advantage in being able to borrow money there. Ultimately, the jury returned a verdict awarding petitioner $43,050 compensatory damages and $18.5 million punitive damages,Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Next
Last modified: May 25, 2011