M.P. Industries, Inc. v. Axelrod

SNYDER, Judge.

This appeal is from the trial court’s judgment in favor of plaintiffs-respondents in an action brought by them for civil conspiracy to defraud, fraudulent conveyance, and constructive trust. Respondents are M.P. Industries, Inc., a corporation, and three of its subsidiaries, Midco Industries, Inc., Midwest Alloys, Inc. and Midwest Precision Casting’s Company. The jury returned verdicts in their favor totalling $400,800 in actual damages and $2,100,000 in punitive damages and directing the establishment of a constructive trust in a certain promissory note held by appellants Carol…