Evans v. Dean Witter Reynolds, Inc.
Nevada Supreme Court
1Opinion of the Court
OPINION
By the Court,
Maupin, J.:
SUMMARY
The estate of Elfreda Gardner (“the Estate”) obtained a favorable jury verdict against Dean Witter Reynolds, Inc. and Warren House, a stockbroker and senior vice president of Dean Witter, based upon a theory of conspiracy to commit conversion of securities.
The jury awarded compensatory damages in the amount of $2,600,000.00, jointly and severally, against Dean Witter and House, and rendered separate punitive damage awards against Dean Witter and House in the respective amounts of $6,000,000.00 and $50,000.00. The district court, however, reduced the…
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