Great Western Savings Bank v. George W. Easley Co.

OPINION

MATTHEWS, Justice.

INTRODUCTION

These consolidated appeals arise out of a financially troubled construction project. In Great Western v. Easley, an Anchorage jury found the construction lender — Great Western Federal Savings Bank — liable to the general contractor — George W. Easley Company — under several tort and contract theories. It awarded Easley Company $367,000 in compensatory damages and $83,300 in punitive damages. The trial court then subordinated Great Western’s deed of trust to Easley Company’s mechanics’ lien in Easley Company’s lien foreclosure action against the developer…