Valentine's, Inc. v. Ngo

NANCY STEFFEN RAHMEYER, Judge.

Michael Ngo, Phung La Ngo, and Ngo Properties, LLC, (collectively “Appellants”), appeal the judgment of the Greene County Circuit Court granting judgment to Valentine’s Restaurant, Inc. (“Respondent”), in the amount of $100,000, pursuant to a liquidated damages clause contained in a lease agreement between the parties. Appellants contend that the trial court erred in awarding liquidated damages to Respondent because the liquidated damages clause is not enforceable in that it is a punitive rather than a compensatory award. Appellants further allege that the…