Payment Resources International Inc. v. The Irvine Company, Western Golf Properties LLC
Published: Dec. 14, 2004 | Result Date: Oct. 31, 2004 | Filing Date: Jan. 1, 1900 |Case number: 03CC08446 Arbitration – $250
Judge
Court
Orange Superior
Attorneys
Plaintiff
Defendant
Omar J. Yassin
(Yassin Law, APC)
Frank T. Sabaitis
(Sabaitis, Lunsford & Moore)
Facts
The subject suit, which was consolidated, arose from the alleged breach of credit card processing and merchant agreements related to credit card reconciliation services provided by the plaintiff, an independent service organization, to the defendants, the owner and management company of two private golf courses located in Orange County. The defendants entered into a two-year merchant agreement with the plaintiff to provide for credit card processing at both golf facilities. The plaintiff alleged that the defendants' unilateral termination of their service agreement with the plaintiff during a one-year renewal term and the alleged transfer of service organizations, constituted a material breach of the merchant agreement.
Settlement Discussions
The plaintiff's initial pre-litigation settlement demands totaled $274,626. Upon filing of the original consolidated lawsuits, the plaintiff's demand was reduced to $112,659.
Result
Contractually limited maximum liquidated damages in the amount of $250 plus interest.
Other Information
The parties waived enforcement of contractual attorney fees and litigation costs.
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