August 2014 Archives

Missoula Jury Levels $17 Million Punitive and Compensatory Damage Verdict Against First Interstate Bank, Final Judgment of More Than $24.6 Million Entered

On August 14, 2014, a Missoula County jury awarded our client Kelly Logging, Inc. $17 million in punitive and compensatory damages against Billings-based First Interstate Bank. The jury verdict concluded a 7-day trial before Judge Edward P. McLean. The case was the Kelly family's response to the bank's illegal 2009 "setoff" of $762,000 in the family business's checking account. The bank used that money to pay off one of Kelly Logging's loans with the bank. The loan was current, not due, and had not matured when the bank took the checking account money to pay off the loan. Bill G. Kelly and his wife Frances founded Kelly Logging in the late 1950s.

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