Sarkes Tarzian, Inc., Plaintiff-Appellee-Cross-Appellant v. U.S. Trust Company of Florida Savings Bank, Defendant-Appellant-Cross-Appellee
Court of Appeals for the Seventh Circuit
1Opinion of the Court
WILLIAMS, Circuit Judge.
Sarkes Tarzian, Incorporated (“STI”) brought this suit for breach of an oral contract for the sale of non-publicly traded shares of STI stock against U.S. Trust Company of Florida Savings Bank (“U.S.Trust”). A jury found that U.S. Trust breached its contract entered into by James Pressly, who was acting on U.S. Trust’s behalf, and awarded STI $4 million in damages. U.S. Trust appeals the district court’s denial of its motion for judgment as a matter of law, or in the alternative a new trial, and STI appeals a number of the district court’s rulings. For the reasons…
2Cases cited20 opinions
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- Palmquist v. SelvikCourt of Appeals for the Seventh Circuit · 1997
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