Jordan Ex Rel. Winner's Circle South, L.L.C. v. Holt

Justice BURNETT:

We granted Dr. Lawrence Byerly Holt, Jr., Gordon Wayne Livingston, and David Livingston’s (Petitioners’) petition for certiorari to review the Court of Appeals’ opinion in Jordan v. Holt, Op. No.2003-UP-277 (S.C. Ct.App. filed April 16, 2003) reversing the trial court’s award of punitive damages against Dr. Arthur Elbert Jordan, Jr. and his son, Brian Jordan (Respondents). We reverse.

FACTUAL/PROCEDURAL BACKGROUND

In 1995, Dr. Jordan approached Dr. Holt and proposed they invest in a racing theme restaurant in Myrtle Beach, South Carolina. On September 11, 1995, the parties…