Sequa Corp. v. Cooper

WILLIAM H. CRANDALL, JR., Judge.

Defendants, William Cooper, et al., appeal from the judgment, entered pursuant to a jury verdict, in favor of plaintiffs, Sequa Corporation and Sequa Engineered Services, Inc., in an action for fraud, conspiracy to defraud, and breach of fiduciary duty. The court awarded compensatory and punitive damages. We affirm in part and reverse in part.

The evidence, viewed in the light most favorable to the verdict, established that plaintiff, Sequa Engineered Services, Inc. (SESI), was a wholly owned subsidiary of plaintiff, Sequa Corporation (Sequa), which owned 100…