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SMITH v. FAIRFAX REALTY, INC.

No. 20010673.

82 P.3d 1064 (2003)

Armand L. SMITH, individually and as trustee for the Armand L. Smith, Jr., Trust and the Shannon S. Windham Trust, and Virginia L. Smith, Plaintiffs and Appellees, v. FAIRFAX REALTY, INC., formerly Price Development Co., a Utah corporation, North Plains Land Co., Ltd., a Utah limited partnership, and North Plains Development Co., Ltd., a Utah limited partnership, Defendants and Appellants.

Supreme Court of Utah.

Rehearing Denied October 29, 2003.

Attorney(s) appearing for the Case

Robert S. Campbell, Clark K. Taylor, Salt Lake City, for plaintiffs.

Harold G. Christensen, Reed L. Martineau, Rex E. Madsen, James S. Jardine, Brent D. Wride, Rick B. Hoggard, Rod N. Andreason, Salt Lake City, for defendants.

PARRISH, Justice:

¶ 1 This case presents issues relating to the propriety of both compensatory and punitive damage awards. At the conclusion of a jury trial, defendant Price Development Company (Price), a Utah corporation now doing business as Fairfax Realty, Inc., was found liable for conversion, breach of partnership agreements, and breach of fiduciary duties. Plaintiffs Armand and Virginia Smith were awarded compensatory damages, including prejudgment interest...

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