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Citrus EL Dorado LLC v. Stearns Bank

UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA SOUTHERN DIVISION
Aug 26, 2011
Case No.: SAC V09-1462 DOC (RNBX) (C.D. Cal. Aug. 26, 2011)

Opinion

Case No.: SAC V09-1462 DOC (RNBX)

08-26-2011

CITRUS EL DORADO LLC, Plaintiff, v. STEARNS BANK, FNBN RESCON I, Does 1 through 25, inclusive Defendant


JUDGMENT

A jury trial in this matter came before this Court on August 23, 2010. After receiving and hearing evidence, and deliberating thereon, the jury returned a verdict as follows:

+-----------------------------------------------------------------------------+ ¦First Cause of Action: ¦$ 16,000,000.00 in favor of the¦ ¦ ¦plaintiff ¦ ¦(Breach of Contract by Stearns) ¦ ¦ +---------------------------------------------+-------------------------------¦ ¦Second Cause of Action (Misrepresentation/ ¦$ 000,000.00 ¦ ¦Fraud) ¦ ¦ +---------------------------------------------+-------------------------------¦ ¦Third Cause of Action (Intentional ¦$ 000,000.00 ¦ ¦Interference) ¦ ¦ +---------------------------------------------+-------------------------------¦ ¦Fourth Cause of Action (Negligent ¦$ 14,000,000.00 in favor of the¦ ¦Interference by Stearns) ¦plaintiff ¦ +---------------------------------------------+-------------------------------¦ ¦Total Damages ¦$ 30,000,000.00 ¦ +-----------------------------------------------------------------------------+

As such, a total judgment in favor of Plaintiff, Citrus El Dorado LLC, and against Defendant, Stearns Bank, in the amount of Sixteen Million Dollars ($16000,000) shall be entered immediately.

Hon, David O. Carter


Summaries of

Citrus EL Dorado LLC v. Stearns Bank

UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA SOUTHERN DIVISION
Aug 26, 2011
Case No.: SAC V09-1462 DOC (RNBX) (C.D. Cal. Aug. 26, 2011)
Case details for

Citrus EL Dorado LLC v. Stearns Bank

Case Details

Full title:CITRUS EL DORADO LLC, Plaintiff, v. STEARNS BANK, FNBN RESCON I, Does 1…

Court:UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA SOUTHERN DIVISION

Date published: Aug 26, 2011

Citations

Case No.: SAC V09-1462 DOC (RNBX) (C.D. Cal. Aug. 26, 2011)