$3 Million Punitive Damage Award for Misrepresentation Reversed Due to Economic Loss Doctrine and also Waiver of Consequential Damages Clause in Contract (Prevailing Party Attorneys Fees also Awarded)

A jury found Weitz Company liable to a subcontractor for $1,729,122 in compensatory damages for breach of contract.  It also awarded punitive damages of  $3,900,000 for intentional misrepresentation and $1,103,549 for attorneys fees.  On appeal, the court affirmed the...