Legal Opinion
Derance, Inc., a Wisconsin Not for Profit Corporation v. Painewebber Incorporated, a Delaware Corporation, and Paul Sarnoff
Court of Appeals for the Seventh Circuit
Decided June 19, 1989No. 86-2666PublishedCited by 30 opinions
1Opinion of the Court
MANION, Circuit Judge.
Plaintiff DeRance, Inc. (DeRance), a not-for-profit charitable foundation, contracted with PaineWebber Incorporated (PaineWebber) and its agent Paul Sarnoff to trade a gold futures account on its behalf. Gold dropped and so did the account. DeRance sued and a jury awarded DeRance $7.7 million in compensatory damages and assessed more than $20 million in punitive damages. Defendants appeal from the district court’s decision denying their motion for judgment n.o.v. or, in the alternative, for a new trial. Defendants contend that the trial was unfair because the district…
2Cases cited47 opinions
- Eisenberg v. GagnonCourt of Appeals for the Third Circuit · 1985
- Bell v. City of MilwaukeeCourt of Appeals for the Seventh Circuit · 1984
- Ruth Panter v. Marshall Field & Co., Richard Weiss v. Marshall Field & Co.Court of Appeals for the Seventh Circuit · 1981
- Bennie Lenard, Cross-Appellant v. Robert Argento & Joseph Sansone v. Village of Melrose ParkCourt of Appeals for the Seventh Circuit · 1983
- Bankers Life & Casualty Co. v. CrenshawSupreme Court of the United States · 1988
42 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Shearson Lehman Hutton, Inc. v. Walter Wagoner, Jr., TrusteeCourt of Appeals for the Second Circuit · 1991
- W. Foster Sellers v. United States of AmericaCourt of Appeals for the Seventh Circuit · 1990
- Dunn v. HOVICCourt of Appeals for the Third Circuit · 1993
- Willie May Anthony v. Security Pacific Financial Services, IncorporatedCourt of Appeals for the Seventh Circuit · 1996
- Robert E. Pincus v. Pabst Brewing Company, a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1990
25 more not listed; retrieve them via the Exa API.