An elderly couple who since 2000 have been battling Houston-based Perry Homes over construction defects in their home in suburban Fort Worth, Texas, on Monday were awarded $58 million in damages by a jury in a Tarrant County court. That verdict has been characterized in press reports as a sharp rebuke of Bob Perry, Perry Homes’ owner and one of the state’s most powerful and politically influential businessmen.
The jury awarded the homeowners, Bob and Jane Cull, $7.1 million in actual damages and $40 million in punitive damages against Perry Homes. It also awarded $7.1 million in actual damages and $4 million in punitive damages against the builder’s warranty provider, Houston-based Warranty Underwriters Insurance.
Perry Homes referred all questions to its spokesman, Anthony Holm, who called the verdict “jackpot justice--absurd by any measure and an abuse of the legal system.” He said Perry Homes would “address these matters with a trial court, and if necessary, appeal.”READ THE REST OF THIS STORY BY CLICKING HERE
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