Contracts
Breach of Contract
Vectren v. Alameda Municipal Power
Published: Sep. 11, 2010 | Result Date: Mar. 9, 2010 | Filing Date: Jan. 1, 1900 |Verdict – $1,900,000
Facts
Plaintiff Vectren filed suit against defendant Alameda Municipal Power (AMP) for money lost when AMP was sold to Comcast.
Contentions
PLAINTIFF'S CONTENTIONS:
Vectren contended that it was promised $6.3 million from AMP profits plus interest that never materialized after the sale.
Damages
Vectren claimed total damages of $10.3 million.
Result
The jury rendered a verdict in favor of AMP on all but one claim and awarded Vectren $1.9 million.
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