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LANDES CONST. CO., INC. v. ROYAL BANK OF CANADA

Nos. 86-5603, 86-5611.

833 F.2d 1365 (1987)

LANDES CONSTRUCTION CO., INC., Plaintiff-Appellee/Cross-Appellant, v. ROYAL BANK OF CANADA, Defendant-Appellant/Cross-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided December 9, 1987.

Attorney(s) appearing for the Case

Isaac M. Pachulski (argued) and Anthony Castanares, Stutman, Treister & Glatt, Los Angeles, Cal., Thomas N. Bucknell, Shulkin, Hutton & Bucknell, Inc., P.S., Seattle, Wash., for plaintiff-appellee/cross-appellant.

Howard P. Miller, Buchalter, Nemer, Fields, Chrystie & Younger, Los Angeles, Cal., for defendant-appellant/cross-appellee.

Before FERGUSON, BOOCHEVER and WIGGINS, Circuit Judges.

BOOCHEVER, Circuit Judge:

A jury found that the Royal Bank of Canada orally agreed to lend Landes Construction Company $10 million to finance the purchase of commercial real estate in Los Angeles and that the bank breached this agreement. It awarded the construction company $18.5 million in damages. The bank appeals the judgment and the district court's denial of the bank's motion for judgment notwithstanding the verdict and for a new trial. It argues that the district...

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