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Avetisyan v. GAM Invs.

Court of Appeals of Nevada
Feb 28, 2024
No. 84422-COA (Nev. App. Feb. 28, 2024)

Opinion

84422-COA

02-28-2024

AVETTS AVETISYAN, AN INDIVIDUAL; PETROS AVETISYAN, AN INDIVIDUAL; AND LIFETRANS, INC., A NEVADA CORPORATION, Appellants, v. GAM INVESTMENTS, INC., A CALIFORNIA CORPORATION, Respondent.


UNPUBLISHED OPINION

ORDER AFFIRMING IN PART, REVERSING IN PART, AND REMANDING

Gibbons, C.J.

Appellants appeal from a final judgment, following a bench trial, in an action involving breach of contract and related claims. Eighth Judicial District Court, Clark County; Nancy L. Allf, Judge.

The underlying matter arose from a failed agreement for the purchase of a portion of ownership in appellant Lifetrans, Inc. (which is primarily owned by appellant Avetis Avetisyan, with appellant Petros Avetisyan also holding an ownership interest) by respondent GAM Investments, Inc., which was a company formed by Harout Barghoutain for the purpose of this transaction. The present appeal is limited to the issue of whether sufficient evidence supported the district court's award of damages to GAM Investments in the amount of $16,000 for expenses incurred by Barghoutain for travel to Las Vegas related to work with Lifetrans. The district court based the award on a finding of 8 weeks of travel and reimbursement in the amount of $2,000 per week. Appellants challenge both of these determinations, arguing there was insufficient evidence to support them.

GAM bore the burden as plaintiff to prove damages, and while damages need not be proven with "mathematical exactitude, . . . there must be an evidentiary basis for determining a reasonably accurate amount of damages." Mori Wallin of Lake Tahoe, Inc. v. Corn. Cabinet Co., 105 Nev. 855, 857, 784 P.2d 954, 955 (1989). "The district court has 'wide discretion in calculating an award of damages, and this award will not be disturbed on appeal absent an abuse of discretion.''' Frantz v. Johnson, 116 Nev. 455, 469, 999 P.2d 351, 360 (2000) (quoting Diamond Enters., Inc. v, Lou, 113 Nev. 1376, 1379, 951 P.2d 73, 74 (1997)).

During the bench trial, no documentary evidence was presented to support the travel expenses incurred. The evidence was limited to testimony by Barghoutain, Petros, and Avetis. The parties gave conflicting testimony as to how often Barghoutain travelled to Las Vegas, with Barghoutain testifying of up to 13 months of travel, while Petros and Avetis testified of an amount in the range of 6-8 weeks of travel. The district court, used 8 weeks and we conclude there is sufficient evidence to support this amount based on the testimony provided.

As to the amount of expenses incurred, Barghoutain testified that he incurred approximately $2,600 per month. Appellants did not provide any testimony as to amounts incurred; their testimony was largely limited to stating that Barghoutain used comps from casinos for his expenses. The district court awarded an amount of $2,000 per week, but did not provide any explanation or findings to support this amount. Based on the evidence provided, we conclude that there was not sufficient evidence to support the amount of $2,000 per week. Barghoutain's own testimony provided for at most $2,600 per month, while the district court's amount would equate to approximately $8,000 per month. As such, the district court abused its discretion in the amount of damages awarded. Accordingly, we

ORDER the judgment of the district court AFFIRMED IN PART AND REVERSED IN PART AND REMAND this matter to the district court for proceedings consistent with this order.

Bulla J., Westbrook, J.

Stephen E. Haberfeld. Settlement Judge


Summaries of

Avetisyan v. GAM Invs.

Court of Appeals of Nevada
Feb 28, 2024
No. 84422-COA (Nev. App. Feb. 28, 2024)
Case details for

Avetisyan v. GAM Invs.

Case Details

Full title:AVETTS AVETISYAN, AN INDIVIDUAL; PETROS AVETISYAN, AN INDIVIDUAL; AND…

Court:Court of Appeals of Nevada

Date published: Feb 28, 2024

Citations

No. 84422-COA (Nev. App. Feb. 28, 2024)