[Download] "Simon v. San Paolo U.S. Holding Co." by Colorado Supreme Court ~ eBook PDF Kindle ePub Free
eBook details
- Title: Simon v. San Paolo U.S. Holding Co.
- Author : Colorado Supreme Court
- Release Date : January 16, 2005
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 91 KB
Description
In an action arising from plaintiffs failed attempt to purchase an office building from defendant, the jury found that the parties had no binding and enforceable agreement but that defendant had committed promissory fraud. On his fraud cause of action, plaintiff was awarded $5,000 in economic compensatory damages and $1.7 million in punitive damages. Considering all the relevant circumstances, we conclude this award of punitive damages exceeds the federal due process limitations outlined in recent United States Supreme Court decisions. We further conclude the maximum award constitutionally permissible in the circumstances of this case is $50,000.
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