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A trial court erred when it vacated a $250,000 punitive damages award to a leasing company that had its assets held captive by a bank foreclosing on another party's loan, and then held by the bank for three years without an articulated, arguable excuse, the Alabama Supreme Court said on April 25. Industrial Technologies v. Jacobs Bank, No. 1011966.
May 05, 2003 at 12:00 AM
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The original version of this story was published on National Law Journal
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