The plaintiff, Capstack Advisory Services Inc., claimed payment of fees for debt financing services provided to the defendants for a condominium development project.
The defendants disputed the contractual terms, alleged negligence, and contested the amount claimed.
The court, in a hybrid summary trial, found that the Mandate Letter constituted the agreement, and the defendants were bound by their conduct despite the absence of a fully executed copy.
The court determined that Capstack had performed its obligations appropriately and was entitled to its fees, with a minor adjustment regarding the due diligence fee being included in the overall 1% fee.
All corporate defendants were found liable, while Tyler Ross was not personally liable.