COFFIN, Senior Circuit Judge.

This case arises out of a failed business relationship between the plaintiff, Frank Simon, and defendants, Gershon and Jonathan Navon, the sole owners and officers in Maine Coast Trading Company, a fish brokerage firm. A jury found the Navons liable for breach of contract, defamation and abuse of process, and awarded Simon approximately $3.3 million in compensatory and punitive damages. The district court granted defendants' motion for new trial unless Simon agreed to remit $1.2 million, which he did. The defendants now appeal, claiming a host of errors. After a careful review of the record and caselaw, we affirm the court's rulings on the contract claims, but reverse the judgment on abuse of process and remand for a new trial on defamation.

I. Background

At this juncture, we shall provide only a brief sketch of the facts underlying the case, elaborating in subsequent sections of the opinion as necessary to inform our discussion of specific issues. Maine Coast Trading Company ("Maine Coast Trading" or "MCTC") was formed in November 1990 after Gershon Navon approached Simon about creating a company to broker fish. Navon provided most of the capital to form the business, and he originally received 60 percent of the company's equity. Simon, who had considerable experience in the fish brokerage business, was president of the company and ran its business office in Wiscasset, Maine. A smaller office at Gershon Navon's home in Connecticut primarily handled checking account and line of credit matters. Jonathan Navon, Gershon's son, was treasurer.

Maine Coast Trading entered into two significant brokerage agreements, one with a company in which Gershon Navon was the sole shareholder (Mariculture Products, Ltd., "Mariculture"), and one with a company in which Simon had a lesser interest (Aquacorporacion Internacional Sociedad Anonima, "ACI"). Although Maine Coast Trading apparently operated smoothly through 1991, the Navons and Simon early in 1992 were discussing ways to wind down the company's affairs. On March 24, 1992, the parties signed a letter agreement that addressed issues that had arisen between them in the preceding months, outlining the future handling of MCTC business.

The agreement did not resolve matters, however, and the parties' relationship grew even more acrimonious. Disagreements arose over which vendors should be paid what amounts and how much money was available in the company's account at Israel Discount Bank in New York. The ensuing events, most of which occurred between April and June of 1992 but whose sequence is in some cases disputed, included:

— Simon began holding Maine Coast Trading's receivables in Wiscasset, contrary to the letter agreement's provision that he send those funds "directly to IDB with no delay";

— Jonathan Navon issued a check in the amount of $36,000 as accumulated salary to himself, and a $9,000 check to Mariculture, Gershon Navon's other company, for office rent and expenses. He did not seek Simon's approval for these expenditures, as required by the letter agreement. No previous payments for such items ever had been made;

— Simon opened a checking account at Camden National Bank in Maine, deposited accumulated receivables of $68,000, and immediately wired the entire sum to ACI, the company in which he had an interest. Over the next few weeks, other receivables collected by Simon were deposited in this account and checks were issued to various vendors;

— Israel Discount Bank froze Maine Coast Trading's account at Simon's request;

— At a telephonic meeting of MCTC's board of directors, convened by an attorney in Portland, Maine, the Navons voted to remove Simon as president and elected Gershon to replace him. Simon initially participated in the telephone call, but complained about lack of notice and hung up before the vote;

— Several litigations were initiated: ACI filed a civil action against Maine Coast Trading in state court in Maine; an involuntary petition for bankruptcy, signed by Simon as ACI's representative, was filed against Maine Coast Trading; Maine Coast Trading (through the Navons) sued Israel Discount Bank in New York for freezing its account, and later added Simon as a defendant, increasing the damages request from $87,000 (the amount of funds in the account) to $30 million.

Simon filed this lawsuit in October 1992, alleging breach of contract, defamation, negligent and intentional infliction of emotional distress, tortious interference with contract and malicious prosecution. The district court granted summary judgment for defendants on the tortious interference claim, and granted judgment as a matter of law on the claims for negligent and intentional infliction of distress. At the close of all evidence, the court recharacterized the malicious prosecution claim as a claim for abuse of process. The jury found both Navons liable on each of the three remaining claims — breach of contract, defamation and abuse of process — and awarded a total of $2.3 million in compensatory damages and punitive damages of $1 million against Gershon and $36,000 against Jonathan.

In acting on defendants' post-judgment motions, the district court found the $2.3 million in compensatory damages "clearly excessive and against the weight of the evidence," and ordered a new trial if Simon failed to accept a remittitur of $1.2 million. He agreed to the remittitur, and this appeal by the Navons followed. They claim entitlement to judgment or a new trial on each of the substantive claims, as well as on damages. They further argue that they are entitled to a new trial on all issues based on a series of circumstances that infected the jury's verdict with undue passion or prejudice.

We address each of these issues in turn, after briefly considering the relevant standards of review.

II. Standard of Review

The district court rejected the Navons' post-trial motion for judgment as a matter of law because they failed to make that request at the close of all evidence, thus forfeiting the right to such a determination. See Keisling v. Ser-Jobs for Progress, Inc., 19 F.3d 755, 758-59 (1st Cir. 1994); Della Grotta v. Rhode Island, 781 F.2d 343, 349 (1st Cir. 1986); Fed.R.Civ.P. 50(b). Once abandoned, a claim for judgment as a matter of law may not be revived on appeal except upon a showing of plain error resulting in a manifest miscarriage of justice. Shell v. Missouri Pac. R.R. Co., 684 F.2d 537, 540 (8th Cir. 1982); Martinez Moll v. Levitt Sons of Puerto Rico, Inc., 583 F.2d 565, 570 (1st Cir. 1978).

The court did reach the merits of defendants' alternative request for a new trial, which may be granted notwithstanding the failure to make a pre-deliberations request for judgment as a matter of law. See Wells Real Estate v. Greater Lowell Bd. of Realtors, 850 F.2d 803, 810 (1st Cir. 1988); Fed.R.Civ.P. 59; 9A C.A. Wright A. Miller, Federal Practice and Procedure Section(s) 2539, at 362 (1995). The court denied a new trial on the substantive claims, but, as noted earlier, granted a new trial on damages contingent on the remittitur. Defendants now challenge the court's refusal to further disturb the jury's verdict. Our review, however, is extremely circumscribed; we may reverse the court's decision only for an abuse of discretion. Sanchez v. Puerto Rico Oil Co., 37 F.3d 712, 717 (1st Cir. 1994). With this limitation in mind, we turn to appellant's claims of error.

III. Malicious Prosecution and Abuse of Process

In his complaint, Simon alleged a cause of action for malicious prosecution based on the lawsuit filed by the Navons in New York in the name of Maine Coast Trading. That action, first brought against Israel Discount Bank to obtain release of $87,000 frozen in the company's account, later was amended to include a claim against Simon seeking $30 million in damages and injunctive relief. Twice during the trial, the parties and the district court displayed confusion about the malicious prosecution claim and its elements, and considered whether the claim would be more aptly characterized as one for a related tort, abuse of process. Ultimately, over the defendants' objection, the court amended the pleadings to substitute abuse of process for the malicious prosecution count, and the jury returned a verdict for Simon on that claim.

The Navons argue that the district court's handling of this issue was erroneous in two respects. First, they claim that amendment of the pleadings after the close of evidence was unfairly prejudicial because their strategy was based on the assumption that Simon would be unable to prove a necessary element of malicious prosecution, namely, that the challenged litigation had terminated in his favor. Second, they claim that Simon failed as a matter of law to prove the elements of abuse of process.

We address only this latter claim. Preliminarily, however, we must determine whether, unlike other grounds asserted in the post-trial motion for judgment as a matter of law, the issue was preserved by timely request at the close of evidence. The parties' final discussion with the court on the malicious prosecution claim occurred during a chambers conference after the close of all the evidence. The conference, focusing on the difference between claims for malicious prosecution and abuse of process, occupied seven pages of transcript. The court concluded the conference with the following statements:

I think it's a very, very thin argument, frankly, on abuse of process . . . . But I'm going to let this case go to the jury because I'm not going to try this case again if I can help it. And then we'll see what the jury does with it subject to a motion for a judgment N.O.V. after we see how they answer the interrogatories on the case. And you can take your objection.

Tr. at 835. Counsel then promptly stated, "I object."

In its post-judgment opinion, the district court stated that defense counsel could not reasonably have believed that this colloquy preserved the issue for post-verdict review but noted the argument by defendants' new counsel that the chambers discussion had served as the functional equivalent of a motion for judgment as a matter of law. The court observed, however, that treating that dialogue as a de facto motion relating to abuse of process nonetheless would be unavailing because the evidence legally was sufficient to go to the jury.

Even in the light of our own stringent adherence to the requirement of a timely formal motion, we think the abuse of process issue was adequately preserved. The lengthy discussion on this point, taken together with the judge's expressed assumption that he would revisit the question in the event of a motion for judgment notwithstanding the verdict, and his statement to the attorney that he could "take [an] objection," could not but have led counsel to believe that what had been done thus far was enough to preserve the issue for post-judgment review. Indeed, the colloquy in chambers was the type of exchange that one would expect to follow a motion for judgment as a matter of law on the abuse of process claim. Cf. Bayamon Thom McAn, Inc. v. Miranda, 409 F.2d 968, 971-72 (1st Cir. 1969).

In these circumstances, we conclude that the legal sufficiency of the abuse of process claim warrants appellate consideration. We thus turn to the substantive inquiry, which is governed by a de novo standard of review. Gibson v. City of Cranston, 37 F.3d 731, 735 (1st Cir. 1994).

It is not surprising that the court and parties were uncertain about how to characterize Simon's claim based on the New York litigation. The torts of abuse of process and malicious prosecution frequently are confused because of their close relationship, see, e.g., Lambert v. Breton, 127 Me. 510, 514, 144 A. 864 (1929); Board of Education of Farmingdale Union Free Sch. Dist. v. Farmingdale Classroom Teachers Ass'n, 38 N.Y.2d 397, 400, 343 N.E.2d 278, 280-81, 380 N.Y.S.2d 635, 639-40 (1975); Note, "Abuse of Process," 13 Clev.-Mar. L. Rev. 163, 163 (1964) ("Abuse"); Note, "Torts — Abuse of Process Defined," 28 Ark. L. Rev. 388 (1974) ("Defined"), and abuse of process has been described as "one of the most obscure torts in the law," see Note, "The Nature and Limitations of the Remedy Available to the Victim of a Misuse of the Legal Process: The Tort of Abuse of Process," 2 Val. U.L. Rev. 129, 129 (1967) ("Tort of Abuse").

To establish a claim for malicious prosecution, a party must show that the challenged litigation was initiated without probable cause and with malice, and that it terminated in the plaintiff's favor. See, e.g., Nadeau v. State, 395 A.2d 107, 116 (Me. 1978). The two basic elements of abuse of process are a bad motive, and the use of a legal process for an improper, collateral objective. See, e.g., id. at 117.

The difference between the two often is explained as a matter of timing and scope: malicious prosecution is the appropriate cause of action for challenging the whole of a lawsuit — i.e., asserting that the suit has no basis and should not have been brought — while abuse of process covers the allegedly improper use of individual legal procedures after a suit has been filed properly. See Packard v. Central Maine Power Co., 477 A.2d 264, 267 (Me. 1984); Nadeau, 395 A.2d at 117; Wade, J., "On Frivolous Litigation: A Study of Tort Liability and Procedural Sanctions," 14 Hofstra L. Rev. 433, 450 (1986). Typical abuse of process cases involve misuse of such procedures as discovery, see Twyford v. Twyford, 63 Cal.App.3d 916, 923-24, 134 Cal.Rptr. 145, 148-49 (1976); subpoenas, see Board of Education of Farmingdale Union Free Sch. Dist., 38 N.Y.2d at 403-04, 343 N.E.2d at 283, 380 N.Y.S.2d at 642-43; and attachment, see Saliem v. Glovsky and Fogg, 132 Me. 402, 404 172 A. 4 (1934).

The abuse tort often is given a wider berth, however, and courts typically will recognize such a claim, regardless of timing, if a plaintiff can show an improper use of process "for an immediate purpose other than that for which it was designed and intended," Restatement (2d) of Torts Section(s) 682, at 475 (1977). See W. Page Keeton, et al., Prosser and Keeton on The Law of Torts Section(s) 121, at 898 (5th ed. 1984) (cases requiring an act after process has issued "probably stand only for the narrower proposition that there must be an overt act and that bad purpose alone is insufficient"). This results in an overlap between malicious prosecution and abuse of process: a defendant who explicitly threatened to file a baseless lawsuit solely for the purpose of forcing the plaintiff's action in an unrelated matter, and then did commence suit, could be held liable for either tort. In such a case, the otherwise normal procedure of filing a lawsuit is transformed into an act of abuse by the coincidence of the threat.

Recognizing these two approaches puts the confusion below into perspective, but we need not dwell on their relative merits and applicability here because not even the broader view provides Simon with a basis for recovery. Simon's claim is premised on the Navons' amendment of the New York litigation to include him as a defendant. Even if Maine law, which applies to this diversity case, would recognize an abuse of process claim based on the instigation of a lawsuit, Simon can prevail only if he proves the two requisite elements of the cause of action: ulterior motive and an act of abuse. See Nadeau, 395 A.2d at 116; Saliem, 132 Me. at 405.

Filing of a lawsuit is a "regular" use of process, and therefore may not on its own fulfill the requirement of an abusive act, even if the decision to sue was influenced by a wrongful motive, purpose or intent. Saliem, 132 Me. at 405-06; see also, e.g., Vahlsing v. Commercial Union Ins. Co., 928 F.2d 486, 490 (1st Cir. 1991) (applying Texas law); Baubles Beads v. Louis Vuitton, S.A., 766 S.W.2d 377, 379 (Tex.Ct.App. 1989); Grell v. Poulson, 389 N.W.2d 661, 663-64 (Iowa 1986). And, although wrongful motive in the context of an abuse of process claim may be inferred from an improper act, the reverse is not true. Saliem, 132 Me. at 405; Sage Int'l, Ltd. v. Cadillac Gage Co., 556 F. Supp. 381, 389 (E.D.Mich. 1982) (citing Prosser). It therefore may not be presumed that the Navons filed the New York lawsuit solely to achieve a collateral objective based on evidence of motive alone. Simon needed to produce evidence independent of motive to prove that an improper act occurred in the Navons' pursuit of the litigation.

Simon has failed to offer such evidence. As an initial matter, it is not seriously disputed that the allegations in the complaint, which sought to state a cause of action for malicious prosecution, are inadequate to make out an abuse of process claim. The complaint alleges only that the defendants filed a lawsuit maliciously "and probable cause for said lawsuit was lacking." Lack of probable cause is an element of a malicious prosecution claim, but is not a prerequisite for recovery for abuse of process.

In his brief, Simon supports the abuse of process claim by pointing to trial evidence of the deteriorating business relationship with the Navons and testimony indicating that the Navons routinely used litigation in business disputes. Simon highlights the amendment of the bank suit and the request for $30 million in damages and injunctive relief. He further claims that "activities took place in New York causing the Plaintiff to expend $60,000 in his own funds to defend himself from a baseless lawsuit."

Although Simon suggests that the demand for high damages and the imposition of defense costs were "abusive," there is nothing per se irregular in a plaintiff's filing a complaint that seeks high — even unrealistic — damages, or in causing a litigation opponent to spend money in defense. Indeed, at one point during colloquy with the court, Simon's counsel acknowledged that the bringing of a $30 million lawsuit is not in itself an abuse of process, and argued that what was significant was the evidence of motive.

But, as we have seen, a showing of bad motive in connection with "regular" process is not enough. See supra at 12-13. To satisfy his burden, Simon needed to show a specific link between the New York lawsuit with an impermissible, collateral purpose of the Navons. This requirement could have been satisfied, for example, with evidence of a threat made explicitly to Simon or a disclosure confided to a third party that the Navons planned to file suit solely to hurt Simon's credit rating. See Sage Int'l, 556 F. Supp. at 388-90 ("Plaintiff must allege that defendant committed a specific act which was directed at the collateral, ulterior objective. . . . In sum, there must be some basis [for finding]. . . that the improper act was the means to further the improper purpose.")

We think it fairly evident that Simon did not present such evidence because it does not exist, and that the claim he originally brought — malicious prosecution — was better suited to the facts. His problem, as the district court recognized, was that a claim for malicious prosecution would remain premature as a matter of law until the New York lawsuit ended. Revising the claim into one for abuse process, however, involved something like trying to fit the proverbial square peg into a round hole. The facts and the law simply were incompatible.

In the malicious prosecution context, the requirements of lack of probable cause and favorable termination of the litigation ensure that a defendant is not found liable simply for having a bad motive; these elements support a finding that the lawsuit was baseless. Similarly, proof of a specific act in an abuse of process setting provides concrete assurance that a process actually has been abused, and that liability will not be based on the badly motivated use of procedures that perhaps were burdensome but not improper — a basis that would indeed dramatically lower the threshold of viable abuse of process litigation. See Westmac, Inc. v. Smith, 797 F.2d 313, 321 (6th Cir. 1986) (Merritt, J., dissenting) (proof of specific conduct "limits the dangers of inquiry into . . . subjective purpose").

Significantly, the need to prove an act also distinguishes a claim for abuse of process in initiating litigation from a premature claim for malicious prosecution; if the factfinder were permitted to infer abuse, a plaintiff able to show bad motive often would be able to offer a convincing argument that the challenged litigation was brought for an improper purpose connected to the bad feelings. This is, in essence, what Simon sought to do. Such an approach, however, renders the malicious prosecution tort irrelevant.

This is not to say that a plaintiff can litigate with impunity, so long as he does so without explicit threats concerning collateral matters. Rule 11 of the Federal Rules of Civil Procedure authorizes judges to sanction parties or attorneys who file pleadings, motions or other papers "for any improper purpose, such as to harass or to cause unnecessary delay or needless increase in the cost of litigation," a determination left to the considered judgment of the court. Fed.R.Civ.P. 11(b), (c). Federal courts have inherent power to sanction parties and attorneys for abuse of the litigation process, even in diversity cases, Chambers v. Nasco, Inc., 501 U.S. 32, 44-55 (1991), and trial courts in Maine likewise have such authority, Chiapetta v. LeBlond, 544 A.2d 759, 760 (Me. 1988). Tort recovery, however, is limited to those instances in which plaintiffs are able to prove the elements of the abuse of process cause of action.

Because Simon presented no evidence of "an act in the use of process other than such as would be proper in the regular prosecution of the charge," Saliem, 132 Me. at 405, the jury's verdict on that count must be reversed.

IV. Defamation

Simon alleged that the Navons defamed him by telling several creditors of MCTC that he was responsible for the company's lingering debts, and by causing an attorney to write a letter in July 1992 to Camden National Bank stating that the account Simon had opened there was unauthorized and was being used "to divert and dispose of a substantial amount of payments received by him in collecting MCTC's receivables."

The Navons argue that the letter, which was the primary element of the defamation count, cannot as a matter of law support the claim because its contents were both true and privileged and because the Navons as individuals could not be deemed responsible for the content of a letter written by someone else. We reach only the first of these contentions.

As explained earlier, our review should be limited to a determination whether the district court abused its discretion in rejecting defendants' motion for a new trial. The district court, however, did not address the defamation issue in its opinion, although the point was raised in defendants' motion; we therefore have no basis upon which to evaluate its ruling. Consequently, we have considered not whether the district court abused its discretion in denying the Navons' motion, but whether a new trial is necessary because the jury's verdict was so clearly against the weight of the evidence as to constitute a manifest miscarriage of justice. See Quinones-Pacheco v. American Airlines, 979 F.2d 1, 3-4 (1st Cir. 1992); Wagenmann v. Adams, 829 F.2d 196, 200-201 (1st Cir. 1987).

The Navons assert that the letter was not defamatory because it was not false. They emphasize that Simon conceded at trial that MCTC's bylaws reserved check-writing authority to the Navons. Moreover, they point out, Simon acknowledged that he had no authorization from MCTC's board of directors to open the Camden National Bank account. The Navons claim that these undisputed facts prove the accuracy of Cadot's statements that the "account was not authorized by MCTC," and that Simon had been "divert[ing] and dispos[ing]" of MCTC funds.

In response to the evidence regarding his corporate authority under the bylaws, Simon offered only his subjective belief that he had the authority to do what he did and the fact that his lawyer advised him to take such steps. We think this falls well below what is necessary to negate the defendants' showing based on the company's bylaws, which presumably represent the parties' agreement on the scope of, and limitations on, their powers. Neither Simon's belief that the actions he took were justified, nor his lawyer's unexplained concurrence in that belief, can support a finding that his conduct was authorized by MCTC. The letter may have been misleading in revealing so little about the nature of Simon's unauthorized conduct, but, on this record, it could not be deemed false.

We therefore conclude that the Navons met their burden of establishing that the challenged statements were true, and thus not actionable. See, e.g., Haworth v. Feigon, 623 A.2d 150, 158 n. 6 (Me. 1993) (truth is an affirmative defense in defamation action); Picard v. Brennan, 307 A.2d 833, 834-35 (Me. 1973) (same). Even if Simon had some general authority as president to take actions that he felt were in the best interest of the company — a possibility we cannot consider since the record on appeal contains neither the bylaws nor other evidence of such authority — it still would be true that MCTC had not authorized the account. Simon remained a minority shareholder, and the Navons constituted a majority of the board of directors. In addition, if the account and check-writing were unauthorized, the letter also was accurate in reporting that Simon had "divert[ed] and dispos[ed]" of MCTC receivables, the word "diversion" typically being associated with the unauthorized use of funds, see Black's Law Dictionary (6th ed. 1990), at 477.

The jury's verdict did not specify the statements on which defamation liability was premised, and our conclusion that the Cadot letter could not support the claim on this record therefore requires a new trial on defamation. In addition to the letter, Simon alleged that Gershon defamed him in several statements made to his colleagues or customers in the fish industry. Although in our view these statements, too, provide a flimsy premise for defamation liability, the Navons have not urged as a basis for appeal that they are inadequate. In any event, we leave the specific contours of the new trial to the discretion of the district court after consultation with the parties.

V. Breach of Contract and Damages

The Navons also argue that they are entitled to judgment or a new trial on the breach of contract claim because the evidence presented was insufficient to support a finding for Simon. The district court rejected the motion for new trial on this issue, concluding that the jury instructions properly and completely set out the relevant law and that the jurors presumably followed the instructions in reaching their verdict. Having read the trial transcript in its entirety, we find no abuse of discretion in the court's denial of a new trial on this issue.

Simon presented ample evidence that the Navons agreed toward the end of March 1992 to pay certain crucial creditors of MCTC promptly — a promise that a jury could find to be implicit in the written agreement of March 24th — but then failed to do so despite Simon's urgent pleas and the availability of adequate funds. Although the defendants presented a different version of events — laying the blame for the delinquencies on Simon for cancelling the IDB line of credit — the judgment between the conflicting accounts was for the jury to make. In addition, the jury was entitled to believe Simon's testimony that he did not retain MCTC's receivables and open the account at Camden National Bank until after the Navons breached an express provision of the March 24th agreement by paying themselves a total of $45,000 without his permission. As we have noted, our review at this stage is extremely deferential; whether or not we would have reached the same conclusion were the factual question ours to resolve in the first instance, we cannot say that the district court erred in allowing the jury's verdict to stand on the contract claim.

Nor may we on this record second-guess the district court's handling of the damages issue. Simon presented evidence, through an economist and multiple witnesses involved in the Maine seafood industry, that MCTC's failure to pay its debts had a lasting financial impact on him. Although the Navons now challenge as legal error certain premises upon which the economist, McCausland, relied, they neither objected to this testimony when it was presented nor argued at the close of the evidence that Simon had failed as a matter of law to prove breach of contract damages.

The district court nevertheless agreed that McCausland's testimony was flawed, that the jury's verdict accepting his view was against the weight of the evidence, and that a new trial on damages should be held unless Simon accepted a substantial remittitur. We think the court's response was appropriate and complete; it recognized both that Simon produced evidence of harm and that the jury's verdict improperly adopted his exaggerated claims regarding the extent of that harm. We find no abuse of discretion.

VI. Undue Passion, Bias, Prejudice

The Navons point to eleven events at trial — including certain court rulings and comments by opposing counsel — that they contend created an atmosphere of bias and prejudice toward them and led the jury to award grossly excessive damages. They claim that one or more of these events independently, and certainly the cumulative effect of all of them, constituted reversible error requiring a new trial.

We have considered each of their points, many of which were not raised at the appropriate time before the trial court, but find that none warrants a total rejection of the jury's verdict. We do not say that the Navons' argument is entirely without force; we hold only that we are satisfied that the district court was within its discretion to reject the claims it considered and that, particularly in light of the need for a new trial on defamation, no manifest injustice occurred that would cause us to disturb any more of the jury's determinations.

VII. Conclusion

We summarize our holdings as follows:

(1) Simon has failed, as a matter of law, to prove an abuse of process, and the judgment of the district court in his favor is reversed.

(2) The jury's finding that the Cadot letter was defamatory was against the weight of the evidence in light of the Navons' proof that the statements it contained were true. The judgment for Simon on defamation therefore must be vacated, and the claim remanded for a new trial.

(3) The compensatory and punitive damages awards on the tort claims, totaling $1.3 million, are vacated.

(4) The jury's judgment of liability on the contract claim, and its award of $836,000 in damages, are affirmed.

Affirmed in part, reversed in part, vacated in part, and remanded for proceedings consistent with this opinion. Each party shall bear its own costs.