8 results for 'cat:"Fraud" AND cat:"Damages" AND cat:"Contract"'.
J. Garaufis finds two individuals liable on breach of contract claims for their failure to pay the principal or interest on a $2 million loan and awards the litigants the same amount in damages. The defendants fail to present any material evidence that would suggest they were fraudulently induced into signing the loan notes. The court directs the parties to recalculate how much the litigants are entitled to in unpaid and pre-judgment interest.
Court: USDC Eastern District of New York, Judge: Garaufis, Filed On: March 18, 2024, Case #: 1:18cv7303, NOS: Negotiable Instrument - Contract, Categories: fraud, damages, contract
J. Gruender finds a lower court properly dismissed a freight service's challenge to a post- trial order concerning contract claims brought by a components manufacturer. The freight service argued that it properly charged the components manufacturer a fee for delivery services. However, the components manufacturer sufficiently showed in court that the freight service's base rate was a "much higher 'rounder' rate." Affirmed.
Court: 8th Circuit, Judge: Gruender, Filed On: January 25, 2024, Case #: 23-1379, Categories: fraud, damages, contract
J. Cole grants, in part, the seller's motion for summary judgment, ruling the buyer owes it more than $13,000 under the contract's post-closing adjustment holdback provision, which was binding on the parties, regardless of whether the seller disputed the working capital statement provided by the buyer. Meanwhile, the buyer is entitled to summary judgment on the fraud claim because not only is there no concrete evidence of false statements made after the deal was closed, but the seller failed to prove any harm came from the alleged misstatements about corporate assets.
Court: USDC Southern District of Ohio, Judge: Cole, Filed On: September 19, 2023, Case #: 1:18cv907, NOS: Other Contract - Contract, Categories: fraud, damages, contract
J. Jones enters a second amended judgment, altered to reflect a total damages award of $690,852, in favor of the family in this breach of contract action alleging that the company lost money in spite of short-term bridge loans it had received. The company was extensively involved in a pattern of making false representations to the family and other lenders to induce them into believing that it was profitable. The company engaged in this pattern with malice, making punitive damages necessary.
Court: USDC Nevada, Judge: Jones , Filed On: September 12, 2023, Case #: 3:19cv520, NOS: Other Contract - Contract, Categories: fraud, damages, contract
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J. Wise finds that the trial court erred in its award of damages to the distributor on its breach of contract claim relating to a debt owed by a company for goods provided. The evidence did not support the part of the award for freight charges allegedly owed. Reversed in part.
Court: Texas Courts of Appeals, Judge: Wise, Filed On: August 24, 2023, Case #: 14-20-00622-CV, Categories: fraud, damages, contract
J. Urias denies summary judgment to an equipment services company because there is genuine dispute as to whether the person who brought this suit qualifies as an oil-and-gas “broker” or “consultant,” a detail that will ultimately determine whether his claims are barred by New Mexico’s fraud law after he sued the company for allegedly breaking an oral contract.
Court: USDC New Mexico, Judge: Urias, Filed On: August 10, 2023, Case #: 1:21cv715, NOS: Other Contract - Contract, Categories: fraud, damages, contract
J. Rosenthal finds for a pro soccer promoter in a contract and fraud case arising from an investment dispute, and awards him $175,000 in damages and $103,000 in attorney fees. The jury only found for the investors on certain issues, while the promoter succeeded on his contract counterclaim.
Court: USDC Southern District of Texas, Judge: Rosenthal, Filed On: July 24, 2023, Case #: 4:20cv4367, NOS: Other Contract - Contract, Categories: fraud, damages, contract