Citizens State Bank v. Shearson Lehman Bros., Inc.

MEMORANDUM AND ORDER

LUNGSTRUM, District Judge.

I. Introduction

On October 20, 1994, a jury returned its verdict in this fraud ease finding the defendant, Shearson Lehman Brothers, Inc. (“Shearson”), liable to the plaintiff, Citizens State Bank (“CSB”), for $236,000.00 in actual damages. It also found that the plaintiff was entitled to an award of punitive damages. Because the court had held under advisement that portion of defendant’s motion for judgment as a matter of law (Doc. # 150) pursuant to Fed.R.Civ.P. 50(a) which focused on the subject of whether or not prejudgment interest was due to…