DOWNER & COMPANY, LLC v. STI HOLDING, INC.

No. 09-P-1105.

76 Mass. App. Ct. 786 (2010)

DOWNER & COMPANY, LLC v. STI HOLDING, INC., & another.

Appeals Court of Massachusetts, Norfolk.

May 27, 2010.


Attorney(s) appearing for the Case

Joseph F. Shea for the defendants.

Timothy J. Langella (Steven J. Torres with him) for the plaintiff.

Present: BERRY, RUBIN, & MILKEY, JJ.


MILKEY, J.

Defendant Separation Technologies, Inc., engaged the plaintiff, an investment banking firm, to assist it in raising capital. Events played out in an unanticipated fashion, which led to a dispute over how much compensation the defendants owed the plaintiff under the contract. After trial, a Superior Court jury awarded the plaintiff approximately $2.26 million dollars in contractual damages (in addition...

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