Barry v. Raskov

Opinion

JOHNSON, J.

—Defendants appeal from a jury verdict in favor of plaintiff in his action for fraud, negligent misrepresentation and breach of fiduciary duty. Plaintiff cross-appeals from the nonsuit on his claim for punitive damages under his fraud cause of action. We affirm the judgment except as to prejudgment interest.

Facts and Proceedings Below

Plaintiff, Raymond Barry, is a retired person who, over the course of some 50 years, managed to accumulate $250,000 in a savings account solely from his wages. Mr. Barry had no previous experience with investments, other than his savings…