Rio Grande Land & Cattle Co. v. Light

George E. Light and other cattle owners (“Light”) entered into contracts with the Rio Grande Land & Cattle Co. (“Rio Grande”) for the feed and care of Light’s cattle. When Rio Grande presented its bill for feed lot services Light believed it excessive and instituted suit for alleged overcharges. After a jury trial the trial court rendered judgment for Light against Rio Grande awarding actual damages based on the “excessive cost of gain” of Light’s cattle over the cost of gain incurred by Rio Grande’s stockholders in fattening their cattle on the lot. Light also received prejudgment interest…