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VON HAKE v. THOMAS

No. 18649.

705 P.2d 766 (1985)

Richard A. VON HAKE, Plaintiff and Respondent, v. Ed THOMAS and First National Credit Corporation, a Nevada corporation, Defendants and Appellants. v. DRILLCO NO. 2, Energy Leasing, Ltd., and Energy Leasing No. 2, Utah limited partnership, Applicants for Intervention.

Supreme Court of Utah.

Rehearing Denied September 17, 1985.

Attorney(s) appearing for the Case

George E. Brown, Jr., Midvale, for 1st Nat. Credit Corp.

Thomas R. Blonquist, Salt Lake City, for Drillco No. 2 et al.

T. Quentin Cannon, H. Ralph Klemm, Salt Lake City, for Von Hake.

ZIMMERMAN, Justice:

Defendants First National Credit Corporation and Ed Thomas, president of the corporation, appeal from a jury verdict finding them jointly and severally liable to plaintiff Richard A. Von Hake for damages arising out of defendants' fraudulent acquisition of Von Hake's ranch. We affirm the jury's award of $487,200 in actual damages and $500,000 in punitive damages.

Von Hake owned an 80 percent interest in the Seeps Ranch located near Kanab...

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