Charles Woods Television Corp. v. Capital Cities/abc, Inc.

BRIGHT, Senior Circuit Judge.

Plaintiff-appellant Charles Woods Television Corporation (Woods TV) recovered a jury verdict of $3.5 million ($1.5 million actual damages plus $2 million punitive damages) resting on fraudulent misrepresentations allegedly made by defendant-ap-pellee Capital Cities/ABC, Inc. to induce Woods TV to purchase and improve a television station then affiliated with the American Broadcasting Company (ABC). 1 Woods TV brought this action after ABC cancelled the affiliation. The district court, 2 however, rejected the jury verdict and granted appellee’s motion for judgment…