Quest Medical, Inc. v. Apprill
Court of Appeals for the Fifth Circuit
1Opinion of the Court
DUHÉ, Circuit Judge:
Appellant, Earl J. Apprill, (“Apprill”) sued appellee, Quest Medical, Inc., (“Quest”) under four alternative theories of liability for Quest’s alleged fraudulent conduct in a stock purchase transaction. After the jury returned a verdict in favor of Apprill on all theories, the district court, pursuant to Quest’s motion for judgment notwithstanding the verdict, reduced the jury’s award of $270,000 actual damages and $500,000 exemplary damages to $101,027 of actual damages with no exemplary damages. Apprill appealed, and we affirm.
I. BACKGROUND
In the fall of 1988, Quest…
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