Gillespie v. Seymour

The opinion of the court was delivered by

McFarland, J.:

This is an appeal from an award of punitive damages entered in an action by the beneficiaries of a trust for recovery of damages for oil and gas investments made by the Trust.

The factual background is complex and is set forth in Gillespie v. Seymour, 250 Kan. 123, 823 P.2d 782 (1991), hereinafter re ferred to as Gillespie I. Originally, punitive damage awards were entered as follows:

For the period prior to July 1, 1987:

Dorothea Seymour $2,000,000

Paul A. Seymour, Jr. $2,000,000

Paul A. Seymour, III $ 25,000

For the period after July 1, 1987:

D…