Thomas G. Seifert v. Robert H. Solem

HASTINGS, Chief Judge.

Defendant-appellant appeals from a judgment of $84,544.75 compensatory and exemplary damages entered in favor of plaintiff after trial to a jury. The jury found, based on the allegations in the complaint, that appellant made false representations and failed to make certain disclosures to plaintiff, all to plaintiff’s injury and resulting loss.

The facts are in considerable dispute. In April, 1958, plaintiff was a shareholder and general manager of American Knife Company (American), a New York corporation located at Baldwinsville, New York. The corporation’s principal…