10 Sep Alabama Farmers Cooperative v. Bobby Davis, et al.
Jury awarded $9,600,000 in compensatory damages and $5,800,000 in punitive damages (Circuit Court of Morgan County). Dixieland Trucking, a division of Alabama Farmers Cooperative, brought this case against its former general manager and several companies with whom the manager had business dealings. Former manager admitted embezzlement, falsifying financial statements and deceiving management at Alabama Farmers Cooperative. Davis leased unneeded trucks from defendants and then hid leases from his own bosses. Defendants attempted to purchase Dixieland when deceptions were uncovered. Plaintiff brought suit under claims of fraud, intentional interference with business relations, breach of fiduciary duty, and other claims. The verdict came after a three week trial.