Wedge v. Lipps Industries, Inc.
Indiana Court of Appeals
1Opinion of the Court
HOFFMAN, Judge.
Appellant-plaintiff Ronald Wedge appeals a trial court judgment ordering him to remit $840,883.88 of a $647,500.00 jury verdict or suffer a new trial. Appellees-defendants Lipps Industries, Inc., Frank Lipps, and Randall Lipps cross-appeal for a new trial to the bench on all issues.
The facts relevant to the appeal disclose that Wedge started his own van conversion business in 1975. The business was profitable until 1979 when the gasoline shortages occurred. In 1980, Wedge's secretary informed Wedge that Randy Lipps was interested in entering the van conversion business. Wedge…
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