Court of Appeals for the Seventh Circuit February 14, 2005, 03-2994, 03-3098 (Sarkes Tarzian, Inc., Plaintiff-Appellee-Cross-Appellant v. U.S. Trust Company of Florida Savings Bank, Defendant-Appellant-Cross-Appellee)

WILLIAMS, Circuit Judge.

Sarkes Tarzian, Incorporated (“STI”) brought this suit for breach of an oral contract for the sale of non-publicly traded shares of STI stock against U.S. Trust Company of Florida Savings Bank (“U.S.Trust”). A jury found that U.S. Trust breached its contract entered into by James Pressly, who was acting on U.S. Trust’s behalf, and awarded STI $4 million in damages. U.S.