Court of Appeals for the Ninth Circuit March 28, 2005, Nos. 03-56505, 03-56626, 03-56627 (Konvitz v. Midland Walwyn Capital, Inc.)

MEMORANDUM **

A jury found defendants Denny Matte (“Matte”) and Midland Waylwyn Capital Inc. (“Midland”), hable for fraud and awarded plaintiff Jeffrey Konvitz (“Konvitz”) $215,668.67 in compensatory damages and $4,784,331.33 in punitive damages. On Midland’s motion, the district court reduced the punitive damages to $1,078,343.55.