PARSONS v. FIRST INVESTORS CORP.

Nos. 96-2268, 96-2290.

122 F.3d 525 (1997)

Charles PARSONS, Elizabeth Parsons, Appellees, v. FIRST INVESTORS CORPORATION, Appellant. Charles PARSONS, Elizabeth Parsons, Appellants, v. FIRST INVESTORS CORPORATION, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided August 7, 1997.


Attorney(s) appearing for the Case

Stephen G. Topetzes, Washington, DC, argued (Stavroula Lambrakopoulos, Washington, DC, Donald W. Griffin, Douglas M. Weems and Barry Pickens, Kansas City, MO, on the brief), for Appellant/Cross-Appellee.

Dennis E. Egan, Kansas City, MO, argued (Steven J. Streen, Kansas City, MO, on the brief), for Appellees/Cross-Appellants.

Before WOLLMAN and HANSEN, Circuit Judges, and MONTGOMERY, District


WOLLMAN, Circuit Judge.

Charles and Elizabeth Parsons sued First Investors Corporation (First Investors), claiming they were fraudulently induced to invest in a junk bond mutual fund managed by First Investors. The jury returned a verdict for the Parsons, awarding them compensatory and punitive damages. The district court subsequently remitted the punitive damages award and denied First Investors' motion for a new trial. First Investors appeals, and the Parsons cross...

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