LaVay Corp. v. Dominion Federal Savings & Loan Ass'n

MEMORANDUM OPINION

CACHERIS, District Judge.

This matter is before the court on defendant Dominion Federal Savings & Loan Association’s (“Dominion’s”) Motion for Judgment Notwithstanding the Verdict or for a New Trial, pursuant to Rules 50 and 59, Fed.R.Civ.P.

For the reasons set forth, a Judgment Notwithstanding the Verdict is granted to Dominion as to the constructive fraud verdict. Dominion’s Motion for Judgment N.O.V. or for a New Trial as to breach of fiduciary duty is denied, but a remittitur of the punitive damage amount is granted.

I

Background

Plaintiff, The LaVay Corporation (“LaVay”),…