Morgan Keegan Co., Inc. v. Cunningham

WOODALL, Justice.

Morgan Keegan & Company, Inc., and Regions Financial Corporation (hereinafter referred to collectively as “Regions”), and Jay Higgenbotham, an investment officer of Regions, appeal from a judgment entered on a jury verdict, awarding $10,000 compensatory damages and $50,000 punitive damages in an action by Patricia Cunningham and her son, Judge Preston Cunningham III (“Preston”), against Regions and Higgenbotham for improperly withholding federal income taxes on their investment account. Regions explains the relationship between the corporate entities as follows:

“Regions…