Quote Quoting DupedOnOffer
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So, with all of that (and many, many other issues), if I were to secure another opportunity, would I have a legal leg to stand on to not repay any of the bonuses or relo (since reality is far from the information i was given and on which i based my decision)?
That depends on the terms and conditions of your employment contract. Do you have one? What does it say about paying back bonuses or relo money? What promises did the employer make you as part of that written agreement.

Quote Quoting DupedOnOffer
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And taking it even further, could I sue (particularly if I dont make the cut in the new company) for punitive damages based on an offer that wasn't in good faith?
You can sue for actual damages (if they are calculable) but punitive damages is just not going to happen. Further, I agree with Bubba Jimmy that you'll need a barrel full of money to give to a lawyer to handle this for you. It's not something that any lawyer is going to do on contingency. Call around if you think other wise.

Quote Quoting DupedOnOffer
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And for good measure, given my lack of decision-making authority and the fact that I do not manage people, i almost feel like im misclassified as exempt. Curious to know what you think.
Whether you are exempt or non-exempt is an entirely different issue and can be easily determined with a look at the US DOL website:

http://www.dol.gov/elaws/esa/flsa/screen75.asp

If you find out you are non-exempt you can file a complaint with the US DOL as well as your state's DOL.