Legal Opinion
Kruse v. Bank of America
California Court of Appeal
Decided May 18, 1988No. Docket Nos. A033064, A039161PublishedCited by 101 opinions
1Opinion of the Court
Opinion
RACANELLI, P. J.
Introduction
The underlying litigation arises out of a series of related loan transactions involving apple growers and processors and the Bank of America (Bank) under the evolving theories of lender liability. Following a three-month trial, the jury returned a verdict against the Bank and in favor of plaintiff and cross-complainants aggregating $20,020,000 in compensatory damages and $26,675,000 in punitive damages.
The trial court granted the Bank’s motion for a new trial as to punitive damages only, conditioned on plaintiff’s and cross-complainants’ acceptance of a…
2Cases cited38 opinions
- Fletcher v. Western National Life InsuranceCalifornia Court of Appeal · 1970
- Nestle v. City of Santa MonicaCalifornia Supreme Court · 1972
- Alcorn v. Anbro Engineering, Inc.California Supreme Court · 1970
- Davidson v. City of WestminsterCalifornia Supreme Court · 1982
- Seaman's Direct Buying Service, Inc. v. Standard Oil Co.California Supreme Court · 1984
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3Cited by101 opinions
- Waller v. Truck Insurance Exchange, Inc.California Supreme Court · 1995
- Printing Mart-Morristown v. Sharp Electronics Corp.Supreme Court of New Jersey · 1989
- Careau & Co. v. Security Pacific Business Credit, Inc.California Court of Appeal · 1990
- Alliance Mortgage Co. v. RothwellCalifornia Supreme Court · 1995
- Schneider v. TRW, Inc.Court of Appeals for the Ninth Circuit · 1991
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