Standard Furniture Mfg. Co. v. Reed

This is an appeal from a judgment entered on a jury verdict in favor of James E. Reed and against Standard Furniture Manufacturing Company, Inc. ("Standard Furniture"), based on Reed's claim of fraudulent misrepresentation. We affirm.

James Reed, a 24 1/2-year employee of Standard Furniture, participated in the company's pension plan that was established soon after Mr. Reed became employed by Standard Furniture. Reed claims that he was told by his immediate supervisor, Hugh Dixon, that if he took an early retirement, he would receive a lump sum payment of $38,000 from the pension plan.

After…