- 15 - relating to their claims against FIG for breaches of contract, indemnity, and fraudulent misrepresentations and (2) to hold FIG liable to the plaintiffs on each of those claims. Based on the plaintiffs' allegations in the pretrial order, the District Court specifically found in its opinion, inter alia, that DCI started a business during 1982 known as ETS for the purpose of providing transcription services to FIG and that DCI later transferred ownership of that business to the Diamonds. In its opinion, the District Court awarded the plaintiffs, viz., Diamond Claims & Investigation Services, Inc., and Peter J. Diamond and Shirley Diamond, the following types of damages in the amounts and for the claims indicated: Type of Amount of Plaintiffs' Claims Damages Awarded Damages Awarded Breaches of contract Lost profits damages $1,497,015.51 Indemnity Indemnity damages 63,159.00 Fraudulent Punitive damages and 290,715.00 misrepresentations7 reliance damages 35,746.00 Total 1,886,635.51 On February 26, 1987, the District Court entered a judgment (District Court's judgment) that "plaintiffs shall recover from defendants the sum of $1,886,635.51, together with interest at the rate of 6.09 percent from the date of entry of judgment".8 With respect to the lost profits damages, the District Court 7 The District Court did not award the Diamonds any damages for the emotional distress that they claimed they suffered as a result of FIG's fraudulent misrepresentations. 8 Hereinafter, all dollar amounts are rounded.Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Next
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