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INDUSTRIAL TECHNOLOGIES v. JACOBS BANK

1011966 and 1012064.

872 So.2d 819 (2003)

INDUSTRIAL TECHNOLOGIES, INC., and Richard Hill v. JACOBS BANK. Jacobs Bank v. Industrial Technologies, Inc., and Richard Hill.

Supreme Court of Alabama.

Rehearing Denied August 29, 2003.

Attorney(s) appearing for the Case

Donald G. Madison, Montgomery; and William H. Webster of Webster & Henry, P.C., Montgomery, for appellants/cross-appellees Industrial Technologies, Inc., and Richard Hill.

John F. Porter III, Scottsboro, for appellee/cross-appellant Jacobs Bank.

WOODALL, Justice.

This case involves an appeal by Industrial Technologies, Inc., and Richard Hill, the owner and sole shareholder of that corporation (hereinafter referred to collectively as "Industrial"), and a cross-appeal by Jacobs Bank ("the Bank"), from a judgment entered on a jury verdict awarding Industrial $148,000 in compensatory damages, but vacating the jury's $250,000 punitive-damages award, in Industrial's counterclaims against the Bank for conversion...

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