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Compensatory damages equal to amount plaintiff paid for home affirmed in fraud case.

Day on Torts

Further, where the fraud was related to the purchase of plaintiff’s home, and the jury awarded plaintiff the amount she paid for the home in compensatory damages, that award was affirmed. Although several defendants were named in the suit, the defendant at issue in this appeal was the real estate agent for the LLC that sold the home.

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Blind Justice or Blind Rage: New York’s Legal System Faces Ultimate Test With Obscene Trump Award

JonathanTurley

Undervaluing and overvaluing property is a longstanding practice in New York real estate. For example, in 1996, the justices limited state-awards of punitive damages under the Due Process Clause of the Fourteenth Amendment. In that case, BMW was found to have repainted luxury cars damaged in transit without telling buyers.

Legal 85
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The Curious Fraud Case Against Trump Just Got ‘Curiouser’

JonathanTurley

That may be a common practice in New York real estate, but it is not a good practice. The case involved the practice of the company to repair and repaint cars damaged in transit without telling the customers. However, she brought a civil case based on Trump over- and under-estimating the values of his properties.