Lala v. Peoples Bank & Trust Co. of Cedar Rapids

ANDREASEN, Justice.

Both parties appeal from the judgments of the district court following a jury trial upon plaintiff’s claims that the defendants had negligently allowed his stamp collection to be removed from a safety deposit box in defendant’s bank. The jury awarded the plaintiff both compensatory and punitive damages. The defendants’ motion for a judgment notwithstanding the verdict was denied as to the compensatory damage award but was granted as to the punitive damage award. The defendants’ motion for new trial was also denied. We affirm.

I. Background.

The plaintiff in this case is Leo…