OPINION
TOMLJANOVICH, Justice.
In 1987, Respondent Lorraine Blume (Blume) acting as personal representative of Emlyn Jones' estate (the Estate) prevailed on a stock fraud claim against Peder Kvamme (Kvamme), resulting in a $678,367.68 judgment that included $46,000 in punitive damages. This court upheld the award with the exception of the punitive damage award. Estate of Jones v. Kvamme,
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