This appeal results from a jury verdict in a diversity action filed by ZC Specialty Insurance Company and Absecon, Inc., against the defendants, Warren Wolfson, Ruth Wolfson, and the WLW Trust, for breach of contract, breach of warranty, and fraud. The dispute between the parties grew out of a business transaction in which Absecon purchased six nursing homes from Wolfson and his associates, under a financing scheme that was guaranteed by a surety bond underwritten by ZC Specialty Insurance. The deal soured when the nursing homes produced profits far below Absecon’s hopes. As a consequence, Absecon refused to return a financial advance provided by Wolfson and accused Wolfson of hiding the homes’ history of poor profit margins. Wolfson filed suit against Absecon in the district court for failing to return the monetary advance, and Absecon and ZC Specialty Insurance brought counterclaims for breach of contract, breach of warranty, and fraud. Pursuant to the verdict in Wolfson’s favor, the plaintiffs appeal to this court, asserting that the district court erred by dismissing their fraud claims against Wolfson, by improperly admitting and excluding significant evidence, and by failing to grant their motion for a new trial because the jury verdict was against the manifest weight of the evidence.

Having had the benefit of oral argument, and having studied the record on appeal and the briefs of the parties, we are not persuaded that the district court erred in denying the plaintiffs’ motion for a new trial. Because the reasons why judgment should be entered for the defendants have been fully articulated by the district court, the issuance of a detailed opinion by this court would be duplicative and would serve no useful purpose. Accordingly, we sustain the jury verdict and AFFIRM the judgment of the district court in the defendants’ favor upon the reasoning set out by that court in its memoranda of opinion and orders filed on October 80, 2002, December 12, 2002, and September 24, 2003.