Tricentrol Oil Trading, Inc. v. Annesley

Tricentrol Oil Trading, Inc. (TOTI) and Tricentrol Overseas, Ltd. (TOSL), petitioners, filed suit against Margaret I. Annesley and Gale H. Touchstone, respondents, to recover two seats on the New York Mercantile Exchange (NYMEX). A jury returned a verdict for petitioners on all theories of recovery and awarded damages to petitioners for conversion, breach of fiduciary duty, breach of contract, punitive damages, and attorney’s fees. In conformance with the jury verdict, the trial court decreed that TOTI was the legal owner and holder of all right, title and interest in the exchange seats in…