Levy v. Markal Sales Corp.

PRESIDING JUSTICE EGAN

delivered the opinion of the court:

Kenneth Levy, the plaintiff, sued several defendants, including Victor Gust, Jr., and Robert Bakal. After a lengthy bench trial, the trial judge found that Gust and Bakal had breached their fiduciary duties to Levy and to the corporations in which all three men owned stock. The judge awarded Levy $3 million in punitive damages and approximately $2 million in compensatory damages. Gust and Bakal raise many issues on appeal, including contentions that most of the trial judge’s determinations are against the manifest weight of the evidence…