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BANKERS LIFE & CASUALTY COMPANY v. KIRTLEY

No. 16930.

307 F.2d 418 (1962)

BANKERS LIFE & CASUALTY COMPANY, Appellant, v. C. M. KIRTLEY, Trustee in Corporate Reorganization Proceedings of Automatic Washer Company, Appellee.

United States Court of Appeals Eighth Circuit.

August 24, 1962.

Attorney(s) appearing for the Case

S. David Peshkin, of Bridges & Peshkin, and Wendell B. Gibson, of Gibson, Stewart & Garrett, Des Moines, Iowa, made argument for appellant and filed brief.

Howard A. Steele, of Bradshaw, Fowler, Procter & Fairgrave, Des Moines, Iowa, made argument for appellee and W. Z. Proctor and H. M. Coggeshall, Des Moines, Iowa, with him on the brief.

Before VOGEL, VAN OOSTERHOUT and MATTHES, Circuit Judges.

VAN OOSTERHOUT, Circuit Judge.

This is an appeal by Bankers Life & Casualty Company, hereinafter called Bankers, from a judgment entered against it based upon a jury verdict for $1,056,250. Of this amount, $406,250 was for compensatory damages and $650,000 was for exemplary damages.

The plaintiff is trustee of Automatic Washer Company by virtue of appointment made on November 2, 1956, in a corporate reorganization proceeding under Chapter X of the National...

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