Miga v. Jensen

OPINION

JOHN CAYCE, Chief Justice.

I. INTRODUCTION

This dispute arises from Ronald Jensen’s refusal to honor his employee Dennis Miga’s option contract to purchase stock. Miga sued Jensen for breach of contract and fraud. The trial court disregarded the jury’s fraud and punitive damages findings and awarded only contract damages. We will affirm in part, reverse and render in part, and reverse and remand in part.

II. FACTUAL BACKGROUND

Ronald Jensen is an entrepreneur and investor who made his fortune primarily in the insurance business. Dennis Miga is a business executive with experience in…