Laclede Investment Corp. v. Kaiser

KELLY, Judge.

This is an appeal from an order of the Circuit Court of St. Louis County sustaining the defendants’ Motion for New Trial following a verdict by a jury for the plaintiff for $425,000.00 in a breach of contract suit tried on the third party beneficiary theory for losses allegedly sustained by the plaintiff by reason of the failure of the defendants to complete or to furnish additional monies to complete the construction of an apartment project in north St. Louis County. We affirm the action of the trial court in granting defendants a new trial.

Plaintiff sued as a third party…