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Home / Verdicts & Settlements / Plaintiff had right to accelerate payments after default – $1,462,500 Verdict (access required)

Plaintiff had right to accelerate payments after default – $1,462,500 Verdict (access required)

The trial involved a breach of contract arising from the purchase of Mr. Holman’s ownership interest in Dominion Mechanical. Plaintiff Stephen Holman sought to accelerate principal and interest payments, and attorney’s fees equal to 25 percent of the unpaid balance, under the Deferred Purchase Money Promissory Note between him and defendant Dominion Mechanical. Dominion Mechanical ...