OPINION WILSON, Justice. Butch Ballow, stock promoter, and Texas Capital Securities, Inc., brokerage firm, appeal the jury’s finding that they made fraudulent misrepresentations to J.D. San-defer, III and Stephen F. Smith, appellees. Ballow and Texas Capital were found jointly and severally liable for the $859,063 purchase price of the stock, and the jury awarded $8 million dollars in punitive damages again…
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