MRI Associates v. Saint Al's

VERDICT

Trial
09/09/11 – 10/28/11

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Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

In this Healthcare litigation proceeding, plaintiff MRI Associates LLP and other joining plaintiffs alleged Saint Alphonsus Diversified Care Inc breach of covenant of good faith and fair dealing, wrongful disassociation, civil conspiracy, breach of a noncompete clause and breach of fiduciary duties for disassociating from MRI Associates LLP.

Plaintiff and other joining plaintiffs were represented by attorney Thomas Banducci, Wade Woodard and Brent Bastian. The defendant in this case, Saint Alphonsus Diversified Care Inc was represented by attorneys Donald Ayer, Peter Romatowski, Christian Vergonis and Alan Friedman.

Outcome

Saint Alphonsus was found to have breached their partnership contract, non-compete clause, covenant of good faith/fair dealing, intentionally interfered with economic expectations, fiduciary duty,, interfered in opportunities for with other partnerships, and engaged in civil conspiracy against MRI Associates.

Damages:
Breach of Partnership agreement, net profits lost:
MRI Associates: 3,906,338
MRI Center: 25,828,208
MRI Mobile: 22,349,967
Breach of Partnership agreement, loss of value for MRI center: 25,420,000
Breach Good Faith/Fair Dealing, net profits lost:
MRI Associates: 3,906,338
MRI Center: 25,828,208
MRI Mobile: 22,349,967
Breach of Good Faith/Fair Dealing, loss of value for MRI center: 25,420,000
Intentional Interference with Prospective Contracts, net profits lost:
MRI Associates: 3,906,338
MRI Center: 25,828,208
MRI Mobile: 22,349,967
Intentional Interference with Prospective Contracts, loss of value for MRI center: 25,420,000
Fault: St. Al's-90%, GSMRI ICR-10%
Total damages lost net profits attributed to St. Alphonsus:
MRI Center: 25,130,149
MRI Mobile: 21,745,914
Total Lost value of MRI Center attributed to St. Alphonsus: 22,878,000
Breach of Fiduciary duty, net profits lost:
MRI Associates: 3,906,338
MRI Center: 25,828,208
MRI Mobile: 22,349,967
Breach of Fiduciary Duty, loss of value for MRI center: 25,420,000
Fault: St. Alphonsus-100% GSMRI ICR-10%
Breach of Fiduciary duty, net profits lost attributed to St. Alphonsus:
MRI Associates: 3,906,338
MRI Center: 25,828,208
MRI Mobile: 22,349,967
Breach of Fiduciary Duty, loss of value for MRI center attributed to St. Alphonsus: 25,420,000
Civil Conspiracy, net profits lost:
MRI Associates: 3,906,338
MRI Center: 25,828,208
MRI Mobile: 22,349,967
Civil Conspiracy, loss of value for MRI center: 25,420,000
Fault: St. Alphonsus-80%, GSRIM ICR-20%
Civil Conspiracy, net profits lost attriubted to St. Alphonsus:
MRI Associates: 3,125,070
MRI Center: 20,662,566
MRI Mobile: 17,879,973
Civil Conspiracy, loss of value for MRI center attributed to St. Alphonsus: 20,336,000
Total Net Profits St. Alphonsus realized as a result of misappropriating partnership opportunity:
Radiology/Imaging Centers: 11,510,949
Meridian Opportunity: 19,061,617

Sessions

OCT
7
OCT
21
OCT
24

Recording Disclaimer: This proceeding was recorded in full.

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