2nd Circ. Backs Matrix Realty's $9M Contract Penalty
In a summary order, the appeals court upheld the $9 million breach of contract judgment and flatly rejected Matrix’s claim that it properly terminated the sales contract for some 27 Dunkin’ Donuts locations in Westchester, N.Y., after Dunkin as franchisor objected to the deal.
The Second Circuit agreed with both...
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