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)
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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