Sometimes in breach of contract suits, I see clients (and attorneys, too!) let visceral considerations cloud their judgment. They let emotions factor into a litigation equation that should purely be about “dollars and cents.” What’s to an objective observer a simple monetary dispute, becomes a complex psychological event when a breach of contract plaintiff views the defendant’s breach as a personal affront – one calling …
Tag Archives: punitive damages
Greeting Card Giant Wins $30M-Plus Jury Verdict in Trade Secrets Case (8th Cir.)
In Hallmark Cards, Inc. v. Monitor Clipper Partners, LLC, 2014 WL 3408853 (8th Cir. 2014), the Eighth Circuit affirmed a $31.3M dollar jury verdict in favor of the greeting card giant against a private equity firm that used Hallmark’s confidential market research. Hallmark hired a consultant to research consumer behavior as it relates to greeting cards. Hallmark had the …
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IL First Dist. Examines Punitive Damage Standards In RE Fraud Suit
In K2 Development, LLC v. Braunstein, 2013 IL App (1st) 103672-U, the First District addressed Illinois law’s compensatory and punitive damages guideposts in a convoluted real estate fraud suit filed by an LLC against one of its two members. The plaintiff LLC – through one of its members (a real estate novice) – sued the LLC’s other member – an …
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