Legal Opinion
Charles Parsons, Elizabeth Parsons v. First Investors Corporation, Charles Parsons, Elizabeth Parsons v. First Investors Corporation
Court of Appeals for the First Circuit
Decided August 7, 1997No. 96-2268, 96-2290PublishedCited by 22 opinions
1Opinion of the Court
WOLLMAN, Circuit Judge.
Charles and Elizabeth Parsons sued First Investors Corporation (First Investors), claiming they were fraudulently induced to invest in a junk bond mutual fund managed by First Investors. The jury returned a verdict for the Parsons, awarding them compensatory and punitive damages. The district court subsequently remitted the punitive damages award and denied First Investors’ motion for a new trial. First Investors appeals, and the Parsons cross-appeal. We affirm.
I
In the 1980s, First Investors, a securities company having $3 billion in assets under management and a net…
2Cases cited17 opinions
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- Peggy Kimzey, Cross-Appellant/appellee v. Wal-Mart Stores, Inc., Appellee/cross-AppellantCourt of Appeals for the Eighth Circuit · 1997
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3Cited by22 opinions
- First Investors Corp. v. Liberty Mutual InsuranceCourt of Appeals for the Second Circuit · 1998
- First Investors Corporation v. Liberty Mutual Insurance CompanyCourt of Appeals for the First Circuit · 1998
- Richard Alexander Williams v. First Advantage Background Services CorporationCourt of Appeals for the Eleventh Circuit · 2020
- Roseann Thorne v. Welk Investment, Inc. William Welk Marcia Paul, - Choice Hotel International, Inc. Roseann Thorne v. Welk Investment, Inc. William Welk Marcia Paul Choice Hotel International, Inc.Court of Appeals for the Eighth Circuit · 2000
- Roseann Thorne v. Welk InvestmentCourt of Appeals for the Eighth Circuit · 1999
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