Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / analysis-vantor-demand-letter.docx
analysis-vantor-demand-letter.docx
Parties
Vantor Holdings Corp
Stonefield Logistics Group Inc
Shapiro LLP
Vantor Transport Services LLC
Parties Stonefield Logistics Group Inc
Ashford Meridian LLP
Harkness LLP
Kel Kim Corp
Dates
September 3, 2022
April 8, 2022
March 4, 2022
March 15, 2019
April 1, 2019
March 31, 2024
January 18, 2022
February 17, 2022
February 14, 2022
April 29, 2022
Amounts
$95.4
$67.23
$18.7
$9.47
$1.42
$680
$385
$43.2
$216
$67,230,000 1
Obligations
1," Stonefield shall pay to VTS an amount equal to 75% of the ACV multiplied by the number of full and partial contract years remaining in the term
The TSA states that this formula represents "a reasonable estimate of the damages that [VTS] would suffer" from such a termination and that the liquidated damages amount "shall not be deemed a penalty
The inclusion of language stating that the liquidated damages amount represents "a reasonable estimate of the damages" and "shall not be deemed a penalty" will provide some support for Vantor's position, though such recitals are not dispositive under New York law
In particular, the November 12, 2021 email from Sandra Milescu to Nikolai Vantorovich referencing the reassignment of 85 tractors from SLG-dedicated lanes is a critical piece of evidence that must be obtained