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OBERMAIER v. OBERMAIER

No. 83-830.

128 Ill. App.3d 602 (1984)

470 N.E.2d 1047

ALFRED A. OBERMAIER et al., Plaintiffs-Appellees, v. NORMAN OBERMAIER, Indiv. and as Trustee of the Trust under the Will of Emma B. Obermaier, Deceased, for the benefit of Alfred A. Obermaier, Defendant-Appellant.

Appellate Court of Illinois — First District (3rd Division).

Modified on denial of rehearing December 5, 1984.

Attorney(s) appearing for the Case

Stephen C. Sandels, Walter M. Jones, and John R. Doyle, all of Chicago (McDermott, Will & Emory, of counsel), for appellant.

Mark A. Lies III, Peter C. Woodford, and Jerome F. Buch, all of Chicago (Seyfarth, Shaw, Fairweather & Geraldson, of counsel), for appellees.

Judgment affirmed.

JUSTICE McNAMARA delivered the opinion of the court:

Plaintiffs brought this action against defendant Norman Obermaier seeking to recover damages for breach of fiduciary duties and fraud in the sale of stock. After a trial without a jury, the trial court entered judgment for plaintiffs and awarded $1.1 million in compensatory damages, $250,000 in punitive damages, and $241,057 in prejudgment interest at the statutory rate. Defendant appeals...

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