Skeels v. Universal CIT Credit Corporation

WILLSON, District Judge.

In this civil action a twelve day, hard fought jury trial was had. Plaintiff, John W. Skeels, was a franchised Chrysler automobile dealer. Defendant, Universal C.I.T. Credit Corporation, is in the financing business and, says defendant’s counsel, the major source of its profit is gained by purchasing from automobile dealers retail time sales contracts relating to automobiles. The jury returned a verdict for the plaintiff in the sum of $55,000.00 for compensatory damages and $50,000.00 representing punitive damages. On the counterclaim the jury awarded defendant the…