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STARK v. SANDBERG, PHOENIX & VON GONTARD

No. 03-2366.

381 F.3d 793 (2004)

Stanley William STARK; Patricia Garnet Stark, Plaintiffs-Appellants, v. SANDBERG, PHOENIX & VON GONTARD, P.C.; Scott Greenberg; EMC Mortgage Corporation; SpvG Trustee, Defendants-Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: August 26, 2004.

Attorney(s) appearing for the Case

Roy B. True, argued, Kansas City, Missouri, for appellant.

Mark G. Arnold, argued, St. Louis, Missouri (Robert B. Best, Jr. and Leonard L. Wagner on the brief), for appellant.

Before BYE, HEANEY and SMITH, Circuit Judges.

BYE, Circuit Judge.

Stanley and Patricia Stark appeal the district court's order vacating in part an arbitration award granting them punitive damages. We reverse.

I

Stanley and Patricia are husband and wife and live near Kansas City, Missouri. In 1999, in hopes of shoring up a failing business, the Starks borrowed $56,900 against their home and secured the loan with a mortgage. Despite the infusion of funds, the business failed and in April 2000...

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