State Bank of Independence v. Equity Livestock Auction Market

Equity Livestock Auction Market appeals a summary judgment holding them liable in conversion to the State Bank of Independence for the sum of $26,275.80. Independence cross-appeals a dismissal of its claim for punitive damages. Because conflicting affidavits raise material issues of fact, we reverse the summary judgment for conversion in favor of the bank and remand for further proceedings. Because Equity’s conduct as a matter of law does not reach the level of reckless indifference necessary to invoke punitive damages, we affirm the summary judgment dismissing that portion of the bank’s…