OPINION

(July 15, 2011)

In reviewing this civil action for damages, we are called upon to address assignments of error regarding the Superior Court’s decisions concerning summary judgment pursuant to Federal Rule of Civil *1046Procedure 56 and directed verdict, pursuant to Federal Rule of Civil Procedure 50.

I. FACTUAL AND PROCEDURAL POSTURE

C&C Construction and Maintenance Inc. (“C&C” or “Appellant”) was a construction and maintenance company which provided manpower and services for the HOVENSA, LLC oil refinery on St. Croix, U.S.V.I. Appellee, Juan Nales-Martinez (“Martinez” or “Appellee” or “Cross-Appellant”) was formerly employed as a carpenter with C&C from 1991 until December 1993. In December of 1993, Martinez was laid off due to a reduction in workforce and given a lay-off slip indicating that he would be eligible for rehire should work become available. Martinez, however, was never rehired by C&C.

On October 24, 1995, after discovering that carpenters with less seniority had been rehired, Martinez initiated an action for fraud, misrepresentation, breach of contract and wrongful discharge in the Superior Court.1 On September 25, 2001, the trial court entered summary judgment against Martinez dismissing his fraud, misrepresentation and wrongful discharge claims.

From April 22-23, 2002, a trial was held on the surviving breach of contract claim.2 At trial, Martinez argued through counsel that an implied contract existed between himself and C&C, which was based in part on seniority; and which imposed a duty on C&C to rehire him should work become available. Martinez further argued that C&C breached that duty by failing to rehire him when work became available. C&C counter-argued, inter alia, that no written or implied contract existed, no seniority policy was adopted, nor did C&C otherwise have a duty to rehire Martinez.

*1047After the close of Martinez’ case-in-chief, C&C moved for judgment as a matter of law on the breach of contract and damages claims pursuant to Fed. R. Crv. P. 50(a). The trial court heard arguments on the motion from both parties, but reserved its ruling. After the close of all evidence, C&C renewed its Rule 50(a) motion. Again, the court reserved its ruling. While the Rule 50(a) motion remained pending, the jury was instructed and the matter was submitted for deliberation. Subsequently, the jury returned a verdict in favor of Martinez in the amount of $273,000.00 in compensatory damages.

After the jury was discharged, the trial court granted in part and denied in part, C&C’s pre-verdict Rule 50(a) motion. In partially granting C&C’s 50(a) motion with regard to damages, the trial court reasoned that Martinez “failed ... to present evidence which would allow a rational fact-finder to find any damages for the years 1994, 1995, 1996, 1997, 1998, 1999.” (J.A. 450-451.) In partially denying C&C’s 50(a) motion, the trial court concluded that there was sufficient evidence from which a rational fact-finder could determine that there was a duty to rehire based on custom and practice from October of 2000 until June of 2001. (Id.) In so doing, the trial court calculated Martinez’ hourly salary based on a forty-hour work week from October 2000 to June 2001, reduced by the amount Martinez earned in 2001. (J.A. 450-451.) The result was a remittitur of the jury award from $273,000.00 to $13,483.00 in damages. On July 10, 2002, the trial court issued its written ruling. However, neither C&C nor Martinez filed any post-verdict motions with the trial court, nor did either party move for a new trial.3

On July 16, 2002, C&C filed its timely notice of appeal challenging the trial court’s partial denial of its Rule 50(a) motion for judgment as a matter of law. On July 26, 2002, Martinez filed a timely cross-appeal challenging the trial court’s September 21, 2001, summary judgment decision and its July 10, 2002, remittitur of the damages award.

II. JURISDICTION and STANDARD OF REVIEW

This Court exercises appellate jurisdiction over judgments and orders of the Superior Court in civil cases. V.I. CODE Ann. tit. 4, § 33 (2001); *1048Revised Organic Act of 1954 § 23A, 48 U.S.C. § 1613a.4 This Court exercises plenary review over the order denying summary judgment, and must “apply the same test that the lower court should have utilized.” Texaco Antilles Ltd. v. Creque, 273 F. Supp. 2d 660, 662 (D.V.I. 2003).5

The appellate court’s review of a Rule 50(a) directed verdict is also plenary. Mosley v. Wilson, 102 F.3d 85, 89 (3d Cir. 1996). A directed verdict or judgment as a matter of law is only appropriate where, viewing all reasonable inferences in the light most favorable to the non-moving party, there is no legally sufficient evidentiary basis for a reasonable jury to find for that party on that issue. Fed. R. Civ. P. 50(a)(1); Goodman v. Pennsylvania Turnpike Comm’n, 293 F.3d 655, 664-665 (3d Cir. 2001); Caver v. City of Trenton, 420 F.3d 243 (3d Cir. 2005). The legal foundation for the jury’s verdict is reviewed de novo while the factual findings are reviewed to determine if there is a rational basis for the verdict in the evidence, drawing all favorable inferences to the prevailing party justifiably drawn from the evidence. Steelwagon Mfg. Co. v. Tarmac Roofing Systems, Inc., 63 F.3d 1267, 1271 (3d Cir. 1995).

III. ANALYSIS

A. C&C’s Appeal

C&C’s arguments turn on the trial court’s partial denial of its Fed. R. Crv. P. 50, motion for judgment as a matter of law. Specifically, C&C argues that the trial court erred by: reserving ruling and partially denying C&C’s Fed. R. Civ. P. 50 motion; finding that an implied contract existed *1049as a matter of law; and determining that there was sufficient evidence pursuant to FED. R. Crv. R 50 to award damages to Martinez. We, however, find that the trial court properly reserved its ruling, and that C&C’s failure to file the necessary post-verdict motions precludes our substantive review of C&C’s appeal.

1. Rule 50

“Federal Rule of Civil Procedure 50 establishes two stages during which a party may challenge the sufficiency of the evidence in a jury trial: prior to submission of the case to the jury and after the verdict and entry of judgment.” See, e.g., Benta v. Bryan, 2009 U.S. Dist. LEXIS 64598, at *7-8 (D.V.I. App. Div. July 22, 2009), rev’d on other grounds by, 420 Fed. Appx. 214 (3d Cir. 2011). Prior to the case going before the jury, a party may challenge the sufficiency of the evidence via Fed. R. Civ. P. 50(a).6

In contrast, Rule 50(b), allows a party to renew its sufficiency of the evidence challenge after the jury verdict and entry of judgment. FED. R. Civ. P. 50(b) provides in pertinent part that:

(b) Renewing Motion for Judgment After Trial;

Alternative Motion for New Trial.

If, the court does not grant a motion for judgment as a matter of law made under subdivision (a), the court is considered to have submitted the action to the jury subject to the court’s later deciding the legal questions raised by the motion. The movant may renew its request for judgment as a matter of law by filing a motion no later than 10 days after *1050entry of judgment — and may alternatively request a new trial or join a motion for a new trial under Rule 59. In ruling on a renewed motion, the court may:

(1) if a verdict was returned:

(A) allow the judgment to stand,

(B) order a new trial, or

(C) direct entry of judgment as a matter of law....

Id. (emphasis added).

To challenge the sufficiency of evidence, a 50(a) motion must be filed before submission of the case to the jury. Unitherm, 546 U.S. at 396. If the Rule 50(a) motion is not granted and the jury subsequently decides against the moving party, then pre-verdict 50(a) arguments may be renewed by filing a post-verdict 50(b) motion. Id.; see also Benta, 2009 U.S. Dist. LEXIS 64598. Aparty may also challenge the trial court’s 50(a) ruling by moving for a new trial pursuant to Rule 59. See FED. R. Civ. P. 50(b)(2002).

2. Reserving ruling on C&C’s 50(a) motion

C&C argues that the trial court erred in submitting the matter to the jury, while a Rule 50(a) motion was pending. However, the Superior Court’s decision to reserve its decision was properly within its discretion.

Rule 50(a) expressly provides that the trial court may resolve the 50(a) issue against the party; and may grant a motion for judgment as a matter of law against the party based on sufficiency of the evidence. See Fed. R. Civ. P. 50(a)(2002) (emphasis added). The rule further provides that, “[i]f, the court does not grant a motion for judgment as a matter of law made under subdivision (a), the court is considered to have submitted the action to the jury subject to the court’s later deciding the legal questions raised by the motion.” Fed. R. Civ. P. 50(b)(2002) (emphasis added).7

*1051 Thus, “while a [trial] court is permitted to enter judgment as a matter of law when it concludes that the evidence is legally insufficient, it is not required to do so.” Unitherm Food Sys. v. Swift-Eckrich, Inc., 546 U.S. 394, 401, 405, 126 S. Ct. 980, 163 L. Ed. 2d 974 (2006). In fact, “[trial] courts are, if anything encouraged to submit the case to the jury, rather than granting [Rule 50(a)] motions.” Id. As Wright and Miller explain:

Even at the close of all the evidence it may be desirable to refrain from granting a motion for judgment as a matter of law despite the fact that it would be possible for the [trial] court to do so. If judgment as a matter of law is granted and the appellate court holds that the evidence in fact was sufficient to go to the jury, an entire new trial must be had. If, on the other hand, the trial court submits the case to the jury, though it thinks the evidence insufficient, final determination of the case is expedited greatly. If the jury agrees with the court’s appraisal of the evidence, and returns a verdict for the party who moved for judgment as a matter of law, the case is at an end. If the jury brings in a different verdict, the trial court can grant a renewed motion for judgment as a matter of law.

Unitherm, Inc., 546 U.S. at 405-06 (2006) (citing 9A Federal Practice § 2533, at 319 (citations and footnote omitted)).8

Here, the trial court adroitly exercised its discretion to reserve ruling, submitted the matter to a jury, then ruled as a matter of law, pursuant to Rule 50(a) after the return of the verdict. Accordingly, the trial court’s conduct was in accordance with the governing rule and accepted practice. See, e.g., id. at 406.

*10523. C&C’s failure to move pursuant to Fed. R. Civ. P. 50(b) or Rule 59.

C&C’s appeal9 is predicated on substantive challenges to the trial court’s Rule 50(a) determination concerning its motion for judgment as a matter of law10 concerning Martinez’ breach of contract claim. However, C&C’s procedural failure to file a Rule 50(b) post-verdict renewed motion for judgment as a matter of law precludes our substantive review of its claims of error.11

At the close of Martinez’ case in chief, C&C filed a Rule 50(a) motion and articulated that 50(a) motion prior to the jury verdict. The court reserved its ruling on the 50(a) motion and the matter was submitted to the jury. The jury returned a verdict. C&C had ten days thereafter to file either a Rule 50(b) renewed motion for judgment as a matter of law or a Rule 59 motion for a new trial. See FED. R. Civ. R 50(b) (2002); see also Fed. R. Civ. P. 59 (2002). C&C filed neither motion. This error proved fatal.

The Supreme Court has flatly held that a rule 50(a) ruling cannot be appealed “unless that motion is renewed pursuant to Rule 50(b).” Unitherm Food Sys. v. Swift-Eckrich, Inc., 546 U.S. 394, 401, 404, 126 S. Ct. 980, 163 L. Ed. 2d 974 (2006) (citations omitted). This position is neither new nor trivial. For over half a Century, the Supreme Court has underscored that a renewed motion for judgment as a matter of law [Rule *105350(b) motion] is imperative because it permits the trial court to exercise its discretion to choose between ordering a new trial and entering judgment. Cone, 330 U.S. 212, 216, 67 S. Ct. 752, 91 L. Ed. 849 (1947); see also Johnson v. New York, N. H. & H. R. Co., 344 U.S. 48, 53 n.13, 73 S. Ct. 125, 97 L. Ed. 77 (1952) (the requirement of a timely application for judgment after verdict is not an “idle motion because it is ... an essential part of the rule, firmly grounded in principles of fairness.”) The high Court in Cone noted that,

[determination of whether a new trial should be granted or a judgment entered under Rule 50(b) calls for the judgment in the first instance of the judge who saw and heard the witnesses and has the feel of the case which no appellate printed transcript can impart. Exercise of this discretion presents to the trial judge an opportunity, after all his rulings have been made and all the evidence has been evaluated, to view the proceedings in a perspective peculiarly available to him alone. He is thus afforded “a last chance to correct his own errors without the delay, expense or other hardships of an appeal.

Id.12 The exercise of this discretion is so critical to the reviewing process that the high Court has explicitly held that, the absence of a post-verdict 50(b) motion before the trial court precludes further appellate review. Id.; see also Unitherm, 546 U.S. at 404.

Where, as here, the trial court reserves ruling on a 50(a) motion, then denies it after a verdict is returned, the requirement does not change — party must also raise a post-verdict motion to trigger appellate review. See, e.g., Johnson v. New York, N. H. & H. R. Co., 344 U.S. 48, 50-54, 73 S. Ct. 125, 97 L. Ed. 77 (1952). In sum, courts of appeals may review only the denial of a 50(a) motion for judgment as matter of law made at *1054the close of all evidence and seasonably renewed post-verdict, pursuant to Rule 50(b). Surprenant v. Rivas, 424 F.3d 5, 13 (1st Cir. 2005) (citing Cone, 330 U.S. at 218); see also Fed. R. Civ. R 50(b).13

C&C moved for a directed verdict under Rule 50(a). However, C&C forfeited its right to substantive review when it failed to move, after the jury rendered its verdict, for judgment as a matter of law under Fed. R. Civ. P. 50(b) or to move for a new trial under Fed. R. Civ. P. 59. See Unitherm Food Sys., 546 U.S. at 405, 408; Gleason v. Norwest Mortg., Inc., 253 Fed. Appx. 198, 202 (3d Cir. 2007) (“For a party to challenge on appeal the sufficiency of the evidence to support a jury’s finding, that party must have first made an appropriate post-verdict motion under Federal Rule of Civil Procedure 50(b)”); Charles Jacquin Et Cie, Inc. v. Destileria Serralles, Inc., 921 F.2d 467, 475 (3d Cir. 1990) (similar); Muniz v. Rovira, 373 F.3d 1, 5 n.2 (1st Cir. 2004) (“Failure to file a motion for judgment as a matter of law at the close of all the evidence pretermits the filing of a post-trial motion for that relief.”). Accordingly, because C&C failed to properly renew its motion for judgment as a matter of law or move for a new trial, we are barred from substantively reviewing the trial court’s Rule 50(a) determinations for sufficiency of the evidence.

B. Martinez’ appeal

Martinez’ appeal is premised on two bases. First, Martinez challenges the Superior Court’s remittitur of the jury’s damages award on his breach of contract claim. Second, Martinez contends that the lower court’s summary judgment decision concerning his wrongful discharge claim was made in error. We shall address each in turn.

*10551. Remittitur

After determining that the evidence was insufficient to support the jury’s monetary breach of contract award in Martinez’ favor, the trial court judge remitted the award from $273,000.00 to $13,483.00.14 On appeal, Martinez frames his argument as a substantive challenge to the trial court’s insufficiency of evidence determination. However, in our opinion, Martinez’ appeal turns on a standard procedural safeguard that was not applied below or raised by either party; specifically, that the trial court erred in remitting the jury award without first offering Martinez the option of choosing between a remittitur and a new trial.

A remittitur is the action taken by a court to reduce a jury’s verdict, and is triggered when the trial judge finds inter alia that a jury’s monetary damage award is unsupported by the evidence or is excessive.15 Spence v. Bd. of Educ. of the Christina Sch. Dist., 806 F.2d 1198, 1200 (3d. Cir. 1986); Kazan v. Wolinski, 721 F.2d 911 (3rd Cir. 1983); see also Mulkerin v. Somerset Tire Service, Inc., 110 N.J. Super. 173, 176, 264 A.2d 748 (App. Div. 1970).16

The trial court may order a remittitur when it believes the jury’s award is unreasonable on the facts. Id. (emphasis in original). Hence, the remittitur is essentially “a substitution of the court’s judgment for that of the jury regarding the appropriate award of damages.” Cortez v. Trans Union, LLC, 617 F.3d 688, 716 (3d Cir. 2010) (citing Johansen v. *1056Combustion Engineering, Inc., 170 F.3d 1320 (11th Cir. 1999)). Because a remittitur requires a trial judge to substitute a jury’s judgment for her own, a remittitur invariably raises concerns regarding a litigant’s Seventh Amendment right to have his case decided by a jury in its entirety.

To avoid triggering Seventh Amendment concerns, the remittitur is traditionally accompanied by offering the verdict-winner the choice of a new trial. See, e.g., Spence, 806 F.2d at 1206; see also Keller v. County of Bucks, 209 Fed. Appx. 201, 203 (3d Cir. 2006); see also Starceski v. Westinghouse Elec. Corp., 54 F.3d 1089, 1093 (3d Cir. 1995); see, e.g., Herman v. Hess Oil Virgin Islands Corp., 11 V.I. 22 (D.V.I. 1974). Choice is the lynchpin that allows the remittitur to withstand Seventh Amendment scrutiny on appeal; because, the coupling of the remittitur with the election of a new trial “gives [the] plaintiff the choice of accepting the reduced verdict and foregoing his right to have his damages heard by a jury[,] or suffering a new trial on damages.” Mulkerin v. Somerset Tire Serv., Inc., 110 N.J. Super. 173, 264 A. 2d 748 (App. Div. 1970) (emphasis added).17

Put another way, in order to avoid Constitutional infirmity, when remitting a jury award, “the court must offer a new trial as an alternative to a reduction in the award in order to avoid depriving the plaintiff of his/her Seventh Amendment right to a jury trial.” Cortez, 617 F.3d at 716 (emphasis added); see also Hetzel v. Prince William Cnty., 523 U.S. 208, 210, 118 S. Ct. 1210, 140 L. Ed. 2d 336 (1998). Martinez was not presented the option of either agreeing to the remittitur or pursuing a new trial.

In Hetzel v. Prince William County, Va., a jury in the Eastern District of Virginia found for Hetzel on her civil rights claims against Prince William County, Virginia. 523 U.S. at 208. The trial court reduced *1057the damages award from $750,000 to $500,000 on the grounds that one of the claims supporting the award was legally insufficient. Id. at 208-209. The County appealed, and the Fourth Circuit affirmed the finding of liability, but reversed the reduced damages award as grossly excessive and remanded for recalculation. Id. On remand, the district court recalculated the damages and further reduced Hetzel’s award to $50,000. Id. Hetzel moved for a new trial, and rejected the $50,000 award. Id. On further appeal, the United States Supreme Court highlighted that the court’s remittitur without the standard election for a new trial violated Hetzel’s Seventh Amendment right to a trial by jury. Id. The high court pointedly explained that, when the trial court determines that the evidence does not support the jury’s award, it “has no authority ... to enter an absolute judgment for any other sum than that assessed by the jury .... without allowing petitioner the option of a new trial.” Id. (internal citations and quotations omitted).18

Hetzel highlights the time-honored practice of the conditional remittitur as a tool designed to give the plaintiff a choice between a reduced award or a new trial where, “the prerequisites to recovery have been firmly established, but the trial judge has determined that the damage award is ‘just too much.’ ” Spence v. Board of Education, 806 F.2d 1198, 1206 (3d Cir. 1986) (emphasis added) (citing Schneffer, 506 F. Supp. at 1308); see also Davis v. Omitowoju, 883 F.2d 1155, 1163 (3d Cir. 1989). That choice was not presented here.

Here, the trial remitted a significant portion of the jury’s award for legal insufficiency. However, it did not give Martinez the option of either accepting the reduced verdict or pursuing a new trial on damages. The trial court’s failure to offer Martinez the option of a new trial on damages triggered Seventh Amendment concerns that we are compelled to safeguard. Hence, we remand to afford the Appellant the opportunity to exercise the option that should have been presented to him in the first instance.19 Accordingly, we narrowly remand the trial court’s remittitur *1058with instructions for the trial court to solely allow Martinez the option of either: a) accepting the trial court’s reduced damages award or b) moving for a new trial on damages.

2. Summary Judgment

Martinez also argues that the trial court erred in rendering summary judgment against him on his wrongful discharge claim. On September 25, 2001, prior to trial, the Superior Court entered summary judgment against Martinez concerning his statutory wrongful discharge claim.20 The court held that, under V.L CODE Ann. tit. 24, § 76(a) (“Wrongful Discharge Act” or “Act”), a termination resulting from a workforce reduction is not a per se wrongful discharge and, thus, summary judgment was appropriate.21 See V.I. CODE Ann. tit. 24, § 76; (J.A. 539-542).

In pertinent part, 24 V.I.C. § 76(c) reads:

*1059[NJothing in this section shall be construed as prohibiting an employer from terminating an employee as a result of cessation of business or as a result of a general cutback in work force due to economic hardship...

Id.

As the trial court aptly held, in the absence of an agreement to the contrary, an employer has no statutory duty to rehire employees who are laid off due to a bona fide work-force reduction.22 See 24 V.I.C. § 76. Martinez does not contest the fact that C&C’s workforce reduction was indeed bona fide. Moreover, in the absence of a statutory duty to rehire, Martinez presents no contract to support his conclusion that C&C had a duty to rehire him. As such, no genuine issue of material fact exists as to whether C&C had an obligation to rehire Martinez. We accordingly, affirm the trial court’s summary judgment decision concerning wrongful discharge.

V. CONCLUSION

For the reasons cited above, we affirm the Superior Court’s ruling concerning Martinez’ wrongful discharge claim. C&C’s challenge to the trial court’s Rule 50(a) ruling concerning Martinez’ breach of contract ruling fails because C&C failed to file the requisite post-verdict motions. We otherwise remand for the trial court to offer Martinez the election of either accepting the remittitur or moving for a new trial on damages concerning his breach of contract claim. An order consistent with this opinion shall follow.

concurring in part and dissenting in part:

I concur with the majority’s ruling that the Superior Court’s September 25, 2001 Order granting summary judgment, in part, in favor of Appellant, C&C Construction and Maintenance Inc., (“C&C” or “Appellant” or “Cross-Appellee”), is reviewable. I further concur with the majority’s ultimate decision, on the merits, to affirm the trial court’s partial summary judgment dismissing all counts of Appellee, Juan Nales-Martinez’s (“Martinez” or “Appellee” or “Cross-Appellant”) complaint except for the breach of contract (implied contract) cause of *1060action. I also concede that if the evidence was insufficient to support the jury’s verdict, the trial court could order a remittitur but only on the condition that an option is given to either accept the remittitur or be awarded a new trial. Regrettably, however, I am constrained to depart company with my esteemed colleagues’ determination that there was insufficient evidence to support the jury’s verdict.

I. FACTUAL BACKGROUND AND PROCEDURAL POSTURE

Martinez sued C&C on four (4) causes of action, to wit: fraud, misrepresentation, wrongful discharge and breach of contract (implied contract). C&C filed a motion for summary judgment and despite opposition by Martinez, the trial court granted C&C’s motion for summary judgment, in part, on the fraud, misrepresentation and wrongful discharge claims, but left the breach of contract (implied contract) cause of action intact. A trial by jury went forward on the single cause of action. At the conclusion of Martinez’s case-in-chief, C&C moved for judgment as a matter of law pursuant to Federal Rules of Civil Procedure 50(a).23

The trial court reserved ruling on the motion. Martinez had no good faith reason to raise and did not make a motion for judgment as a matter of law with respect to any of C&C’s defenses. After all the evidence was introduced, C&C renewed its Rule 50(a) motion. Again, Martinez did not raise a Rule 50(a) motion for judgment as a matter of law on any defense(s) alleged by C&C at the conclusion of all the evidence.

The case was thereafter submitted to the jury. Following deliberations, a verdict was returned on behalf of Martinez in the amount of $273,000.00. (Joint Appendix at 450.) Upon discharging the jury, the trial court, without any delay, sua sponte denied C&C’s reserved Rule 50(a) motion on the issue of liability. This swift and immediate ruling by the trial court effectively stripped C&C of any opportunity to independently renew his Rule 50(a) motion pursuant to Rule 50(b). The trial court then reduced the jury’s verdict to $13,483.00 without giving Martinez an option for a new trial by calculating as follows: $16.40/hour (carpenter pay rate) x 40 hours/week = $656.00 per/week; $656.00 per/week x 4 *1061weeks = $2,624.00/month; $2,624.00/month x 8 months (from October 2000 to June 2001) = $20,992.00. (Joint Appendix at 451.) Because Martinez testified that he earned $11,264.00 outside his employment with C&C in 2001, the court then divided Martinez’s, outside earnings by 12 months ($11,264.00/12 months = $938.00).24 This amount ($938.00) was then multiplied by 8 months which totaled $7,509.00.25 The court then reduced $20,992.00 by $7,509.00 to arrive at its reduced damages award of $13,483.00 in favor of Martinez.

II. ANALYSIS

This dissent is more fully expanded and elaborated in the argument that follows:

Reversal of the Trial Court’s Reduced Judgment and Reinstatement of the Jury’s Verdict is Warranted Because a Rational Jury Could Have Returned a Verdict of $273,000.00 by a Preponderance of the Evidence and There Was No Ruling For a New Trial In Lieu of the Remittitur.

During Martinez’s case-in-chief, evidence of his employment with and subsequent “lay off’ from C&C was presented. Martinez presented evidence from former employees, who testified that they understood the practice and/or “policy” of C&C was to rehire laid-off employees. Martinez also testified that he in fact knew of and accepted this policy. To add insult to injury, Martinez stated that C&C did not articulate a basis to lay him off although the job to which he was assigned was incomplete 26

On the issue of damages, evidence was admitted as to the rate of pay for C&C carpenters during the years Martinez was unemployed. Additionally, Martinez testified as to his earnings while unemployed. During C&C’s case-in-chief, C&C refuted any existence of a rehiring policy and contended that the company lays off workers due to a *1062“reduction in the workforce.” (Joint Appendix at 374.) However, C&C failed to present any evidence showing that it did not rehire carpenters up until the company ceased to exist in 2001. Instead, at trial, witnesses for C&C continually played the “blame game” wherein each conveniently testified as having insufficient knowledge of C&C’s new employees or that another division was best suited to account for the company’s “new hirees.”

This alleged lack of knowledge arguably made certain witnesses for C&C appear less credible and this became more evident at various junctures during trial when certain C&C administrative personnel, both former and current, were questioned regarding alleged hiring of individuals during Martinez’s unemployment. For example, Ms. Raquel Ruach, C&C’s former controller, testified that her job description required her to “take care of all financial records for [C&C].” (Joint Appendix at 308.) Ms. Ruach also testified that she was “in charge of the payroll department, the accounts receivable, accounts payable and budgets.” Notwithstanding Ms. Ruach’s duties at C&C, she testified as having insufficient knowledge regarding alleged C&C employees or “new hirees” because, as C&C’s controller, she merely “made sure [an employee’s] pay rate [was] the correct pay rate.” (Joint Appendix at 308; 339.) Consider the following colloquy:

Ms. Raquel Ruach — C&C Controller:

Q: Are you familiar with the name John St. Louis?

A: No, sir, I am not.

Q: Are you familiar with the name of an employee Augustin St.

Rose?

A: The name is familiar.

Q: Do you know when he started working for C&C Construction

Company?

A: No recollection.

Q: Are you familiar with the name, Addison Demmingl

A: Again, I do have recollection of that name.

Q: And is that a person who worked for C&C Construction Company?

A: The name is familiar. He could have possibly worked.

Q: Do you know when he started working for C&C Construction Company?

*1063A: No recollection.

Q: Are you familiar with Simon Montoute?

A: Name is familiar.

Q: Do you know if he worked as a carpenter for C&C Construction Company?

A: Again, I don’t know the trade of these people, sir.

Q: Do you know if he was hired, rehired on March 16, 2000?

A: Would not know that sir.

Q: Do you know the name Andreas Velasques?

A: I have no recollection of the name.

Q: Do you know an employee by the name of Stanford Xavier?

A: No recollection of the name.

Q: Do you know an employee by the name of Derek Alicia?

A: No recollection of that name.

Q: Do you know an employee by the name of Pascal Benjamin?

A: Name sounds familiar.

Q: Do you know an employee by the name of Nicholas Edwin?

A: Name sounds familiar.

Q: Do you know an employee by the name of George Henry?

A: I have no recollection of that name.

Q: Do you know an employee by the name of Tracy James?

A: Again, I have no recollection of these names.

Q: Do you know an employee by the name of Ferdinand Maynard!

A: Name sounds familiar.

Q: Do you know an employee by the name of Fred Tavernier!

A: No recollection of that name.

(Joint Appendix at 334-337.)

According to Ms. Ruach, C&C’s division of personnel as opposed to its controller processed new employees. (Joint Appendix at 337.) Ms. Ruach further testified that C&C’s Human Resources was responsible for processing new carpenters before her office verified the file for entry in C&C’s records. (Joint Appendix at 338.) Ms. Ruach neglected however, to present verified C&C records for carpenters that were either hired and/or otherwise employed by C&C.

*1064Mr. Gustave James, C&C’s former general manager, was also called as a witness during trial. Mr. James testified that Mr. Wilfredo Delerme, C&C’s personnel manager, “was responsible for hiring and layoffs.” (Joint Appendix at 366.) Mr. James further stated that although he was Mr. Delerme’s supervisor, Mr. Delerme was the individual with “discretion to hire and rehire.” (Joint Appendix at 366.)

After all the evidence and the parties.rested, the trial court gave the jury its final instructions. (Joint Appendix at 406-409.) The jury was instructed as to the phrase “preponderance of the evidence” being the standard of proof in civil cases and instructed the jury as follows:

To establish by a preponderance of the evidence means to prove that something is more likely than not so. In other words, a preponderance of the evidence means such evidence as when considered and compared with that, opposed to it has more convincing force and produces in your minds a belief that what is sought to be proved is more likely to be true than not true... [t]his rule does not, of course, require proof to an absolute certainty, since proof to an absolute certainty is seldom possible in any case.

(Joint Appendix at 406-407.)

The trial court further instructed the jury that Martinez must also prove his amount of damages by the preponderance of the evidence. Jurors were subsequently provided a special verdict form directing them, inter alia, to enter “the total amount of money, if any, which [he/she] find[s] will fairly and reasonably compensate [Martinez] for [C&C’s] breach of contract.” (Joint Appendix at 407; 448.)

Although C&C’s apparent defense was that it did not hire carpenters while Martinez was laid off, it failed to present any evidence supporting this contention or dispelling the reasonable inference circumstantially, that it (C&C) did so hire. According to the “adverse inference rule”:

If a party fails to produce evidence that is under that party’s control and reasonably available to that party and not reasonably available to the adverse party, then you may infer that the evidence is unfavorable to the party who could have produced it and it did not.

3 Kevin O’Malley, Jay E. Grenig & Hon. William C. Lee, Federal Jury Practice and Instructions [Civil] 150 § 104.26 (5th ed. 2000). Under this *1065“adverse inference rule,” when a party has relevant evidence within its control that the party fails to produce, that failure gives rise to an inference that the evidence is unfavorable to it. Int’l Union (UAW) v. NLRB, 459 F.2d 1329, 1336, 148 U.S. App. D.C. 305 (D.C. Cir. 1972); Rockingham Machine-Lunex Co. v. NLRB, 665 F.2d 303, 304 (8th Cir. 1981); see also Interstate Circuit, Inc. v. United States, 306 U.S. 208, 226, 59 S.Ct. 467, 474, 83 L.Ed. 610 (1939) (production of weak evidence when strong is available can lead only to conclusion that strong evidence would have been adverse). However, the rule that an unfavorable inference shall be drawn against a party that fails to introduce evidence known to be in its control does not apply where the party has good reason to believe that its opponent has failed to meet its burden of proof. NLRB v. Chester Valley, Inc., 652 F.2d 263, 271 (2d Cir. 1981).

Here, Martinez met his burden of proof, even though the parties failed to request an instruction under Section 104.26. The trial court did however instruct the jury as to “reasonable inferences.” Specifically, the trial court instructed the jury as follows:

In their arguments, the lawyers will ask you to infer, on the basis of your reason, experience, and common sense, from one or more established facts, the existence of some other fact. The process of drawing inferences from facts in evidence is not a matter of guesswork or speculation. An inference is a deduction or conclusion which you are permitted to draw, but you are not required to draw, from the facts which have been established by either direct or circumstantial evidence.

In other words, when you consider the evidence you are not limited solely to ... [w]hat you saw and heard as the witnesses testified. You are permitted to draw from facts which you find have been proved such reasonable inferences you feel are justified in the light of your experience and common sense.

Let me give you a simple example. You are sitting in this courtroom, and you cannot see outside. Assume that when you came in this morning, it was a beautiful, sunny, day. Assume, also, that someone just walked in the door with an umbrella that was wet and a raincoat that was dripping. You could, from such circumstantial evidence, infer that it was now raining outside. You are to consider both kinds of evidence, direct and circumstantial. The law also makes no distinction between direct and circumstantial evidence.

*1066(Joint Appendix at 402-03.)

Because the trial court instructed the jury on reasonable inferences, it was possible for the jurors to make a reasonable inference and/or a reasonable adverse inference, that C&C’s failure to produce evidence that was in their exclusive control, showing that it did not hire carpenters while Martinez was laid off meant that carpenters were in fact hired during Martinez’s unemployment. The trial court ostensibly accepted the jury’s adverse reasonable inferences when it ruled on C&C’s Rule 50(a) motion via Rule 50(b) and found C&C liable for breach of an implied contract and also found damages but not to the extent of the verdict award. The trial court’s finding could not have been made if C&C did not hire carpenters after Martinez was laid off. Moreover, damages can only be assessed after a finding of liability. Therefore, the jury’s reasonable adverse inferences, in arriving at its verdict, must also be accepted and applied on the issue of liability and damages.

More importantly, there was direct evidence adduced at trial that while Martinez was unemployed, C&C hired an individual named Juan Ignatius Isidore to work at its facility as a carpenter. For all the reasons stated, a rational juror could therefore form, from direct and circumstantial evidence, a negative inference by the preponderance of the evidence that C&C in fact rehired carpenters during Martinez’s unemployment.

It is also important to note that C&C did argue, and the trial court agreed, that loss of income claims require corroboration and that Martinez’s “self-serving” statements, standing alone, could not support his claim for damages based on loss of income.27 (Joint Appendix at 351-53.) See also Connelly v. Chardon, Civ. No. 78-53 (D.V.I. 1978); Santana v. Mack, 889 F. Supp. 223, 32 V.I. 378 (D.V.I. 1995); Williams v. Martin Marietta Alumina, Inc., 817 F.2d 1030 (3d Cir. 1987). However, at the end of all the evidence, the jury was [emphasis added] permitted to consider the rate of pay for carpenters during the years 1994 through 2001 and as such this evidence corroborated Martinez’s testimony regarding his loss of income for those years.

Because the jury was able to consider the progressive increase in the rate of pay for carpenters during 1994 through 2001 together with *1067Martinez’s testimony regarding his earnings while unemployed, a negative inference could be formed that C&C in fact rehired carpenters during Martinez’s unemployment and a rational fact-finder, when taking all these factors together, could have projected Martinez’s damages from the time he was laid off as follows:

Year Pay/Hr. Base Salary Gross Salary Amt. of O/T % of O/T Over Base Salary

1993 actual28 $11.50 $22,080.00 $32,228.00 $10,148.00 46%

1994-1995 projected29

1995-1996 projected30 $14.05 $26,976.00 $39,384.96 $12,408.96 46%

1996-1997 projected31 $14.50 $27,840.00 $40,646.40 $12,806.40 46%

1997-1998 projected32 $14.95 $28,704.00 $41,907.84 $13,203.84 46%

1998-1999 projected33 $15.45 $29,664.00 $43,309.44 $13,645.44 46%

1999-2000 projected34 $15.95 $30,624.00 $44,711.04 $14,087.44 46%

*1068Year Pay/Hr. Base Salary Gross Salary Amt. of on % of on Over Base Salary

2000-200135 8 months projected $16.40 $20,992.00 $30,648.32 $9,656.32 46%

TOTAL $186,880.00 $272,836.00 $85,956.00

Year Earnings Outside C&C36

1994__$3,000.00+

1995 $5,400.00

1996 $6,800.00

1997 $9,964.00

1998 $5,101.00

1999 $8,200.00

2000 $9,415.00

2001 $11,264.00

Total $56,144.00

The calculations set forth in the chart hereinabove do not account for interest owed on money due at 9% per annum pursuant to V.I. Code Ann. tit. 11 § 951(a)(1) or that overtime could have exceeded 46% of the base salary.

III. CONCLUSION

Given the foregoing, the trial court erred when it utilized Rule 50(b) to reduce the jury’s verdict from $273,000.00 to $13,483.00 when there was sufficient evidence from which a rational jury could have returned a verdict for Martinez in the amount of $273,000.00.