Foundation One Bank v. Svoboda

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The Supreme Court affirmed the decision of the district court entering judgment according to a jury verdict determining that defendant-intervenor Lehr, Inc. was entitled to possession of two disputed motor vehicles and was entitled to damages in the amount of $95,000 as a result of Foundation One Bank's sale of one of the vehicles, holding that there was no plain error in the proceedings below.Foundation One sought replevin of two motor vehicles pledged by Jason Svoboda as collateral to secure payment of a loan. Lehr intervened, seeking possession of the vehicles. The jury entered a verdict in favor of Lehr and awarded Lehr $95,000. The Supreme Court affirmed, holding (1) Foundation One was not prejudiced by the instructions given to the jury; and (2) the district court did not err when it denied Foundation One's motions for judgment on the pleadings and for a directed verdict. View "Foundation One Bank v. Svoboda" on Justia Law