999, a Corporation, Plaintiff/appellee/cross-Appellant v. C.I.T. Corporation, a Corporation, Defendant/appellant/cross-Appellee

BEEZER, Circuit Judge:

999, a Nevada corporation with its principal place of business in California, brought this diversity of citizenship suit against C.I.T. Corporation (“CIT”), alleging breach of an agreement to provide financing to 999, resulting in the loss of an opportunity to acquire Bee Cee, a Missouri corporation. CIT appeals from a verdict in favor of 999, and 999 filed a cross-appeal to challenge a remittitur of damages. We affirm.

I

BACKGROUND

In 1982, 999, a holding corporation, decided to acquire Bee Cee, a manufacturer of windows and doors, which was in serious financial trouble.…