Opinion ID: 47351
Heading Depth: 2
Heading Rank: 1

Heading: First Lawsuit in Florida

Text: In May 2000, plaintiff Tonnesen filed in the district court for the Southern District of Florida a lawsuit against the Defendants relating to a yacht purchased by Tonnesen from Marlin Yacht in 1996. In 2001, the parties entered into a settlement agreement (the “Agreement”) resolving that litigation. The Agreement required the Defendants to completely restore and repair Tonnesen’s yacht. Specifically, the Defendants were required, among other things, to (1) either repair Tonnesen’s engines so that they tested at a compression of 120 2 pounds, or, if the engines failed to meet the specifications, replace the engines with new ones of “like kind, quality and appearance”; (2) complete their obligations under the Agreement within 60 days of being notified that the vessel was ready for Marlin Yacht to take possession; (3) pay Tonnesen $100/day for every day over 60 days that they had possession of the vessel; and (4) deliver the vessel to Tonnesen upon the decision of Tonnesen’s marine surveyor that the repairs outlined in the Agreement had been made.