March 9, 2015
St. Louis, Missouri
A jury awarded $490 million total in a high-stakes trial that featured testimony from federal inmates and a former banker.
The case went to the jury Friday afternoon after plaintiffs’ and defense attorneys made their closing arguments in a lawsuit against PNC Bank for its predecessor’s role as a trustee for assets meant to cover consumers’ future funeral expenses. The jury announced its verdict Monday morning.
The award included $355 million against PNC, $35 million in punitive damages and $100 million against Forever Enterprises, according to Betty Ann Skrien, a judicial assistant to Judge Richard E. Webber’s chambers.
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