Quattro Parent LLC v. Rakib

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Full Text of Court Cases
January 14, 2022
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contract
damages, breach of contract, market value, summary judgment

Quattro Parent LLC v. Rakib
2022 N.Y. Misc. LEXIS 260, 2022 NY Slip Op 30190(U)
United States
State Court
New York
Supreme Court
Michael Garibaldi CPA/ABV/CFF, Joshua Ho-Walker
Andrea Masley, J.S.C.

Summary

In this surmised summary judgment as to damages a New York trial court awarded damages to the plaintiff in a breach of contract suit. The determination of damages was made without a trial but “on paper.” Additionally, the court used a subsequent sale of the stock to determine the damages and opine that the company was “worthless.”
Quattro Parent LLC v. Rakib
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See Also

New York Trial Court Determines Damages Without a Trial and Uses Subsequent Transaction to Determine the Amount

In this surmised summary judgment as to damages a New York trial court awarded damages to the plaintiff in a breach of contract suit. The determination of damages was made without a trial but “on paper.” Additionally, the court used a subsequent sale of the stock to determine the damages and opine that the company was “worthless.”