Legal Opinion
United States Fidelity & Guaranty Co. v. Griffin
Indiana Court of Appeals
Decided July 27, 1989No. 06A01-8806-CV-198PublishedCited by 7 opinions
1Opinion of the Court
RATLIFF, Chief Judge.
STATEMENT OF THE CASE
United States Fidelity and Guaranty Company (USF & G) appeals the judgment of the trial court awarding former stockholders in the now defunct Carmel Bank and Trust Company (Bank) $997,500 in compensatory damages and $5,000,000 in punitive damages. We reverse.
FACTS
The present litigation is part of a lengthy and involved factual situation. However, an abbreviated version of the facts will be presented herein, setting forth only those events necessary to our opinion. 1
The Carmel Bank and Trust Company (Bank) was chartered by the Department of Financial…
2Cases cited8 opinions
- Kramer v. Western Pacific Industries, Inc.Supreme Court of Delaware · 1988
- Lewis v. AndersonSupreme Court of Delaware · 1984
- Leo P. Portnoy v. Kawecki Berylco Industries, Inc.Court of Appeals for the Seventh Circuit · 1979
- Gabhart v. GabhartIndiana Supreme Court · 1977
- Rubinstein v. CatacosinosAppellate Division of the Supreme Court of the State of New York · 1983
3 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Grosset v. WenaasCalifornia Supreme Court · 2008
- Grace Bros. v. Farley Industries, Inc.Supreme Court of Georgia · 1994
- Conk v. RICHARDS & O'NEIL, LLPDistrict Court, S.D. Indiana · 1999
- Simon v. SimonIndiana Court of Appeals · 2011
- Timko v. TriarsiDistrict Court of Appeal of Florida · 2005
2 more not listed; retrieve them via the Exa API.