8th Circuit Court Slashes $5M Jury Award Down to Under $1M Due to Statute of Limitations
ST. LOUIS, Mo. — In a significant legal setback, a plaintiff’s $5 million jury award was drastically reduced to less than $1 million due to the statute of limitations, according to a ruling by the U.S. Court of Appeals for the Eighth Circuit. The case involved James Kellar, who pursued legal action against a financial advisory firm for failing to properly manage his retirement funds, ultimately leading to significant losses. Originally, the jury awarded Kellar $5 million in damages after finding the firm liable. However, this victory was short-lived as the appeals court reviewed the … Read more