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ACE TRUCK & EQUIPMENT RENTALS v. KAHN

No. 16350.

746 P.2d 132 (1987)

ACE TRUCK AND EQUIPMENT RENTALS, INC.; Shell Rentals, Inc.; William Berman, Nana Berman, Carl Pecson, and Shirley Pecson, Appellants, v. William KAHN, Christine Eleanor Kahn, John D. Kahn, A-1 Equipment Rentals, Inc.; Thomas E. Phelps and Estate of Ben F. Kraft, Deceased, Respondents.

Supreme Court of Nevada.

November 30, 1987.

Attorney(s) appearing for the Case

Stanley H. Brown, Reno, Goebel, Shensa & Beale, San Diego, Cal., for appellants.

Moran & Weinstock, Samuel Anter, Kelly Swanson, Las Vegas, Clark A. Barret, San Mateo, Cal., for respondents.

OPINION

SPRINGER, Justice:

This opinion is principally concerned with appellants' contention that punitive damages awarded against appellants Berman and Pecson were excessive as a matter of law. Concluding that punitive damages were excessive, we state the rule applicable in such cases and order punitive damage awards reduced as excessive. The compensatory damage awards are affirmed.

The present controversy arose out of an agreement whereby Berman...

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