Stiefel v. Schick

Bell, Justice.

The plaintiffs-appellants, Stiefel and Freimark, and the defendants-appellees, Schick and Forman, were business partners. Appellants sued the appellees for a declaration that each appellant owned part of the partnership. Appellant Stiefel also filed a claim for fraud. Appellees counterclaimed, inter alia, for compensatory damages for fraud and “punitive” (exemplary) damages. After the trial court directed a verdict against Stiefel on his claim for fraud, the jury returned a verdict finding that appellants had no interest in the partnership. The jury also awarded appellees one…