Opinion ID: 4105752
Heading Depth: 2
Heading Rank: 7

Heading: Lawsuit and Bench Trial

Text: Source 1 incurred legal and accounting fees of $2,417 during the first three months of 2012 and $59,495.84 during its dissolution. On September 26, 2012, the district court scheduled a bench trial for April 1, 2013. Hodge and Source 1 filed a Joint Motion to Dismiss the derivative claims on March 1, 2013, which the district court refused to hear on April 1, 2013, on the grounds it was not timely filed. On March 11, 2013, the parties filed a stipulation to dismiss with prejudice nine claims from the Second Amended complaint, which the court granted on June 6, 2013. On June 19, 2013, the district court rescheduled the bench trial for December 2, 2013. A four-day bench trial was held from December 2–6, 2013. On February 19, 2014, the district court issued its Findings of Fact and Conclusions of Law. The district court found for Prehn and Bandak and awarded damages in the following amounts: 1. Source 1 owed Prehn $79,232 with 10% interest from December 29, 2011; 6 2. Source 1 owed Prehn $67,500 in back salary; 3. Source 2 owed Source 1 $38,687.83 for the software, the shaker cup discount, and the shaker cup mold credit; and 4. Hodge owed Source 1 $217,214.39 for the shortfall from the auction, lost profits, the difference between the value of the vehicle and the loan that Hodge paid, litigation costs for defense of this action, and the personal loan he received from Source 1. Hodge, Brown, Clairborne, and Source 1 timely appealed the judgment.