Peterson v. Kansas City Life Insurance

This is an action at law for damages for wrongful foreclosure of a deed of trust, conveying certain real estate in the city of Independence to secure the payment of a note for $30,000 (reduced to $24,000), made to and held by defendant. Plaintiff had a verdict for $46,000 actual damages and $20,000 punitive damages. Thereafter, the trial court ordered plaintiff to remit all of the punitive damages and all of the actual damages in excess of $7500. Plaintiff refused to file a remittitur and the court sustained defendant's motion for a new trial. Plaintiff has appealed from this order granting…