$7,962,000 jury verdict holds individuals liable for fraud and statutory fraud
February 17, 2010
Reynolds, Frizzell, Black, Doyle, Allen & Oldham obtained a jury verdict in San Antonio federal court on behalf of Plaintiffs Daniel J. O'Hare and Michael Stewart holding Kevin C. Davis and Ford Graham personally liable for fraud and statutory fraud for entering into a settlement agreement with no intention of performing. In October 2004, after litigating a business dispute in San Antonio federal court, a settlement was reached, but the settling Defendants ultimately did little to honor their contractual obligations. O'Hare and Stewart sued to enforce the settlement agreement. Trial begain after nearly six years of litigation and attempts by Defendants to delay the trial. After a three-day trial, the jury returned a verdict for Plaintiffs O'Hare and Stewart in under 90 minutes. The verdict, which found Graham and Davis equally liable for the fraud, included $1,962,000 in actual damages and another $6,000,000 in punitive damages for a total of $7,962,000, which is in addition to the $2,000,000 on the summary judgment and attorney's fees exceeding $1,000,000.