Koyo Corp. of USA v. OTC Group, Inc.
Published: Dec. 14, 1996 | Result Date: Nov. 12, 1996 | Filing Date: Jan. 1, 1900 |Case number: BC124358 – $45,918
Judge
Court
L.A. Superior Central
Attorneys
Plaintiff
Defendant
Facts
On May 10, 1994, plaintiff Koyo Corp. of USA manufactured and sold to defendant OTC Group, Inc., certain bearings for use in a briquetting machine. OTC refused to pay the balance owing, claiming that Koyo breached the contract. The plaintiff brought this action against OTC based on breach of contract, goods had and received and declaratory relief. OTC cross-complained against Koyo for breach of contract and breach of the implied covenant of good faith and fair dealing.
Settlement Discussions
The plaintiff made a settlement demand for $40,000. The defendant made no settlement offer.
Damages
The plaintiff sought $45,918 in damages under the contract. The cross-complainant sought $500,000 in damages for breach of contract.
Other Information
The verdict was reached approximately two years and eight months after the case was filed.
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