NewCSI, Inc. v. Staffing 360 Solutions, Inc., No. 16-50009 (5th Cir. 2017)
Annotate this CaseAfter a jury found that a staffing company violated the terms of the stock purchase agreement by which it had acquired another company, the district court entered a judgment against the staffing company for approximately $1.3 million in actual and liquidated damages. The Fifth Circuit affirmed and held that the staffing company's challenge to the sufficiency of the evidence failed; the staffing company's argument that the liquidated damages clause was an illegal and unenforceable penalty provision failed because it forfeited the argument under Fed. R. Civ. P. 8 and 50, as well as failed to establish on the merits that the clause provided for a penalty; the challenge to the amount of the liquidated damages award failed because the district court's calculation of the damages was supported by the language of the stock agreement; and challenges to the jury instructions were rejected.
Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.