Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_03-cv-02013/USCOURTS-cand-5_03-cv-02013-3/pdf.json

Nature of Suit Code: 190
Nature of Suit: Other Contract Actions
Cause of Action: 28:1332 Diversity-Other Contract

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ORDER GRANTING LEAVE TO OBTAIN AN EXPERT OPINION ON MEASURE OF PUT DAMAGES

—C-03-02013 RMW

DOH

E-FILED on 9/9/05

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SAN JOSE DIVISION

FIRST NATIONAL MORTGAGE COMPANY,

a California corporation,

Plaintiff,

v.

FEDERAL REALTY INVESTMENT TRUST,

Defendant.

No. C-03-02013 RMW

ORDER GRANTING LEAVE TO OBTAIN AN

EXPERT OPINION ON MEASURE OF PUT

DAMAGES

At the pretrial conference on September 8, 2005 the court informed the parties that it had

determined that the proper measure of put damages is the value of holding such an option on May 11,

2001. Both parties had been operating under the assumption that the court would measure damages based

on the difference between the put price and the fair market value of the property. The parties only disputed

the date of the alleged breach. In light of this development, First National requested leave to obtain an

expert option on the measure of put damages. The court grants the motion. The parties stipulated to an

early motion in limine on this issue "so that their experts, who have already prepared their reports, can

revise their opinions, if necessary, to follow the proper measure of damages, and so that any further

deposition of such experts can be taken prior to trial." June 21, 2005 Stipulation at ¶ 3. Because the

Case 5:03-cv-02013-RMW Document 329 Filed 09/09/05 Page 1 of 3
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ORDER GRANTING LEAVE TO OBTAIN AN EXPERT OPINION ON MEASURE OF PUT DAMAGES

—C-03-02013 RMW

DOH 2

parties expressly contemplated that their experts would need to alter their opinions after the court issued its

order on the damages motion in limine, it is not unfair to permit such revisions. 

The parties are to contact Judge Whyte's law clerk, David Horton, at (408) 535-5332 by

September 15, 2005 and advise as to whether they have agreed to maintain the current trial date of

September 26, 2005. If they have agreed to maintain the date, the trial will proceed as scheduled. If not,

the court vacates the trial date and orders the parties to appear at 2:00 p.m. on September 26, 2005 for

re-setting the trial. The court will then attempt to set a trial date as soon as reasonably practicable.

DATED: 9/9/05 /s/ Ronald M. Whyte

RONALD M. WHYTE

United States District Judge

Case 5:03-cv-02013-RMW Document 329 Filed 09/09/05 Page 2 of 3
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ORDER GRANTING LEAVE TO OBTAIN AN EXPERT OPINION ON MEASURE OF PUT DAMAGES

—C-03-02013 RMW

DOH 3

Notice of this document has been electronically sent to:

Counsel for Plaintiff(s):

Brian Hennessy bhennessy@thelenreid.com

Daven Lowhurst dglowhurst@thelenreid.com

Patrick Ryan pryan@thelenreid.com

Paul Rice price@civlit.com

Counsel for Defendant(s):

Nicholas Waranoff nwaranoff@allenmatkins.com

William Huckins whuckins@allenmatkins.com

Counsel are responsible for distributing copies of this document to co-counsel that have not registered for

e-filing under the court's CM/ECF program.

Dated: 9/9/05 DOH

Chambers of Judge Whyte

Case 5:03-cv-02013-RMW Document 329 Filed 09/09/05 Page 3 of 3