Dawson v. New York Life Insurance

MEMORANDUM OPINION AND ORDER

CASTILLO, District Judge.

On February 8, 1993, a state court jury in Corpus Christi, Texas found that New York Life Insurance Company (“New York Life”) and one of its agents breached their duty of good faith and fair dealing, breached their fiduciary duty, and committed false, misleading or deceptive acts in connection with certain transactions involving a policy-holder and his wife. The jury also found that New York Life committed fraud in connection with these transactions. The jury awarded $65,000 in pecuniary losses, $1 million for mental anguish, and $15…