Subscribe- Plaintiff
- Naughty Monkey, LLC
- Represented By:
- London, Mark (London & Mead)
- Defense
- Marinemax Northeast LLC
- Represented By:
- Schoor, Matthew (Marshall, Dennehey, Warner, Coleman & Goggin )
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.
- Plaintiff
- Defense
- Judge
- John Noble
- Jurisdiction
- Delaware Court Of Chancery
- Court
- New Castle County Courthouse
- Case Number
- 5095-VCN
- Industry
- Marine
- Practice Area
- Commercial Law
- Expert Witnesses
- Lay Witnesses
Sessions
AM Session
Plaintiff Witness(es)
13 Chapters
PM Session
Other
14 Chapters
Recording Disclaimer: This proceeding was recorded in parts only. Available recordings do not represent the full proceeding.