Best Buy Stores v. Developers Diversified Realty, et al., No. 10-3625 (8th Cir. 2012)Annotate this Case
Best Buy sued various commercial landlords and the landlords' property manager, DDRC, alleging that DDRC impermissibly charged Best Buy for insurance-related costs under various lease agreements. The court held that the district court did not err in deciding that the landlords breached their various lease agreements by charging Best Buy for the First Dollar Program in an attempt to meet its insurance obligations under the leases. Based on the unambiguous language of the leases, the court found the landlords' interpretation of the leases to be unreasonable. Because the landlords breached the leases, the court found that the district court did not err in determining that the landlords breached their contracts with Best Buy. Therefore, the court affirmed the district court's order granting summary judgment to Best Buy on its breach of contract claims for 2005-2009. Because the court found that the district court erred in granting summary judgment to Best Buy, the court need not address the applicable pre-judgment interest rate until after the resolution of Best Buy's breach of contract claims for the 1999-2004 lease years. Finally, the district court did not abuse its discretion by dismissing Best Buy's remaining fraud claims with prejudice. Accordingly, the court affirmed in part, reversed in part, remanding for further proceedings.