Court Says New Trial Improperly Granted In Fired Analyst’s Tortious Interference Case

A federal district court abused its discretion when it granted a new trial in favor of a fired financial analyst who alleged that his former employer and supervisor tortiously interfered with his job offer from another company by stating he had “mental issues” and was “psychopathic,” the U.S. Court of Appeals for the Second Circuit ruled Feb. 28 (Raedle v. Credit Agricole Indosuez).

In reversing the new trial order, the Second Circuit vacated an approximately $1.6 million judgment for William Raedle, which was based on a second jury verdict. It also instructed the district court on remand to ...