Naughty Monkey v. Marinemax

VERDICT

Trial
08/03/10 – 08/03/10

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Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

In this marine industry commercial litigation bench trial proceeding, plaintiff Michael stock, who formed Naughty Monkey LLC to purchase a multi-million dollar recreational boat alleged the boat manufacturer Marinemax only provided trade in options that were significantly more expensive than the appraised value of his original boat, while his arrangement with boat defendant allowed him to trade his boat for any other boat built by Marinemax within 18 months with a trade in value of 85%. The plaintiff also alleged that more suitable vessels exist, and that the purchase agreement does not restrict him in choosing a replacement boat.

The plaintiff was represented by attorney Mark London. The defendant in this case Marinemax Northeast LLC was represented by attorney Matthew Schoor.

Outcome

The court awarded Naughty Monkey LLC specific performance of the July 31 Agreement, and ordered MarineMax to accept the Naughty Monkey,if offered, and grant a credit of $1,636,250 towards the purchase of its merchandise. The court also denied all of the LLCÂ’s other claims. Each party had to bear their own costs.

Sessions

Recording Disclaimer: This proceeding was recorded in parts only. Available recordings do not represent the full proceeding.

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