O.F. Duffield v. First Interstate Bank of Denver, N.A.

McKAY, Chief Judge.

I

In this diversity action, First Interstate Bank of Denver, N.A. (hereinafter “the Bank”) appeals a jury’s award of $6,000,000 to O.F. Duffield on his breach of contract claims.

In 1983, Mr. Duffield borrowed $2,000,000 from the Bank on an unsecured basis. In 1984, Mr. Duffield posted his interest in various gas and oil wells as collateral for the loan pursuant to the terms of a Promissory Note, Mortgage, Deed of Trust, Assignment, Security Agreement and Financing Statement (hereinafter collectively referred to as “the agreement”). Pursuant to the agreement, he was required…