Regions Bank v. Kaplan et al

Filing 848

ORDER adopting in part and rejecting in part 805 REPORT AND RECOMMENDATIONS re 800 MOTION for Attorney Fees filed by R1A Palms, LLC, MK Investing, LLC, BNK Smith, LLC, Triple Net Exchange, LLC. See Order for details. Signed by Judge Elizabeth A. Kovachevich on 11/7/2017. (Attachments: # 1 Exhibit Schedule of Damages)(JM)

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I. Loan Amounts and Expected Returns 1/20/12 Loan Expected Return R1A $6,600,000.00 $7,395,125.00 TNE $1,600,000.00 $1,784,800.00 MKI $1,100,000.00 $1,234,000.00 BNK $ $ 443,375.00 400,000.00 $10,857,300.00 $9,700,000.00 1/23/12 R1A $7,000,000.00 $7,994,660.00 TNE $1,800,000.00 $2,009,700.00 MKI $1,250,000.00 $1,395,000.00 BNK $ 500,000.00 $ 556,675.00 $11,956,035.00 $10,550,000.00 1/24/12 R1A $2,000,000.00 $2,225,000. 00 II. Recoveries 1/24/12 $1,406,035.00 Recovery to R1A Additional Recovery (Allocated) R1A 539,337.00 TNE 137,006.00 MKI 91,550.53 BNK 36,345.82 $ 804,239.35 2 III. Actual Damages and Treble Damages A. R1A $6,795,125.00 (Expected Return less $600,000 cleared check) $7,494,660.00 (Expected Return less $500,000 wire) $2,225,000.00 Actual damages $16,514,785.00 Treble Damages $49,544,355.00 Recovery ($1,406,035.00) ($ 539,337.00) ($1,945,372.00) $47,598,983.00 Adjusted Treble Damages B. TNE $1,784,800.00 $2,009,700.00 Actual damages $ 3,794,500.00 Treble damages $11,383,500.00 Recovery ($137,006.00) $11,246,494.00 Adjusted Treble Damages C. MKI $1,234,000.00 $1,395,000.00 Actual damages $ 2,629,000.00 Treble damages $7,887,000.00 Recovery ($91,550.53) $ 7,795,449.47 Adjusted Treble Damages 3 D. BNK $443,375.00 $556,675.00 Actual damages $1,000,050.00. Treble damages $3,000,050.00 Recovery ($ 36,345.82) Adjusted Treble Damages $2,963,804.18 4

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