Montana Law Week

The Weekly Digest of Montana Law

Breach of forbearance, seizure of funds, $26,374,576.13

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BREACH OF FORBEARANCE: $26,374,576.13 judgment for wrongful seizure of funds from start-up office products business affirmed EXCEPT $7,535,593.18 attorney fees erroneously awarded under Montana law when Michigan law does not allow contract reciprocity fees… Dayton affirmed, reversed. [Read more…]

Breach of forbearance, $34,286,950 supersedeas bond

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BREACH OF FORBEARANCE: Judgment for $26,374,576.13 with 10% post-judgment interest under 2005 statute for breach of bank’s Forbearance Agreement with office products entity reaffirmed… appeal bond set at 130% of amount of Judgment for appeal through Montana Supreme Court (not beyond)… Dayton. [Read more…]

Breach of forbearance, $7,535,593 fees, $8,067,406 interest

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BREACH OF FORBEARANCE: $7,535,593.18 attorney fees, $8,067,405.60 prejudgment interest, $176,063.19 costs awarded on previous $10,595,414.16 judgment for breach of bank’s Forbearance Agreement with office products entity, applying Montana reciprocity law for fees (with 40% contingency), Michigan law for interest, Montana law for costs, plus post-judgment interest at 10% per 2005 statute… Dayton. [Read more…]

$10,595,514 judgment, breach of forbearance agreement

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BENCH JUDGMENT: $10,595,514.16 seized from start-up international office products facility causing its demise awarded as damages for breach of bank’s forbearance agreement… trial on contract damages under Michigan law on remand from reversal of $52,037,593 verdict which was improperly based on Montana law… Dayton. [Read more…]