Richard J. Crowley v. Walter R. Wellman Wellman Mining Corporation

72 F.3d 135 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. Richard J. CROWLEY, Plaintiff-Appellee, v. Walter R. WELLMAN; Wellman Mining Corporation, Defendants-Appellants. No. 94-55933. United States Court of Appeals, Ninth Circuit. Submitted Dec. 12, 1995. * Decided Dec. 15, 1995. Before: HUG, BEEZER, and KLEINFELD, Circuit Judges. 1 MEMORANDUM ** 2 Walter R. Wellman and Wellman Mining Corporation appeal the magistrate judge's determination of damages resulting from the breach of fiduciary duty and his award of punitive damages. The magistrate judge awarded Richard J. Crowley $150,000 for Wellman's breach of fiduciary duty. Wellman does not dispute the actual breach, focusing instead on the amount of damages suffered due to that breach. We review the trial court's computation of damages under a clearly erroneous standard. Odima v. Westin Tucson Hotel, 53 F.3d 1484, 1495 (9th Cir.1995). Evidence was presented at trial that Crowley's stock in Wellman Mining Corp. was worth…