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CELOTEX CORP., INC. v. LYNNDALE INTERN., INC.

No. 82-83.

640 S.W.2d 792 (1982)

277 Ark. 242

CELOTEX CORPORATION, INC., Appellant, v. LYNNDALE INTERNATIONAL, INC. et al., Appellees.

Supreme Court of Arkansas.

October 25, 1982.

Attorney(s) appearing for the Case

Wright, Lindsey & Jennings, Little Rock, and Faegre & Benson, Minneapolis, Minn., for appellant.

Harkey, Walmsley, Belew & Blankenship, by John M. Belew, Batesville, for appellees.

PURTLE, Justice.

A jury in the Cleburne Circuit Court returned a verdict against the appellant in the amount of $4,071,770.46. It was stipulated that property damage amounted to $71,770.46. The jury allocated $1,000,000 compensatory damages and $3,000,000 punitive damages. Celotex appealed and argued that the court should have rendered a judgment against the appellees as a matter of law. Appellant settled the judgment for $2,171,770.46 and took a release on behalf...

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