On March 8, 2018, by a 10-2 vote, a Madison County jury returned a defense verdict in Daniels v. Crocker.
Here is the Pre-Trial Order.
Here is the Final Judgment and Order.
The Daniels purchased a manufacturer’s rep firm from the Crockers in 2011 for $4,365,000. The Crockers received $2.8 million at closing. The firm served as an independent sales force in Alabama, the Florida Panhandle, North Carolina, South Carolina, West Tennessee, and Virginia for manufactures of equipment used in water treatment plants.
The business experienced trouble after it was terminated in June 2012 by its largest client in North and South Carolina, and suffered resignations by several members of its sales force soon thereafter. The Daniels effectively ceased operations in July 2012, and sued the Crockers in October 2012, alleging breach of the purchase agreement though various misrepresentations by the Crockers.
Judge Emfinger granted summary judgment for the Crockers in 2016, but the Supreme Court reversed in June 2017. Here is the Supreme Court’s opinion: Daniels v. Crocker (Miss. 2017).
The Daniels asked for $3.9 million at trial. The jury found for the Crockers.
Roy Liddell and David Marchetti with Wells Marble in Ridgeland represented the Daniels.
Christopher Meyer with Burr Forman in Jackson and Richard Farley and Kelsey Panizzolo with Katten Muchin Rosenman in Charlotte represented the Crockers.
Circuit Judge John Emfinger presided.
I wish there were more big commercial cases like this in Mississippi. In general, they are more interesting than personal injury cases.