New Mexico Appellate Court Reduces Damages Award Levied Against Torrance County Electrical Coop
Posted on Jul 11, 2011 in Litigation | Comments Off on New Mexico Appellate Court Reduces Damages Award Levied Against Torrance County Electrical Coop
A New Mexico State Appeals Court has slashed a multimillion-dollar judgment against a Torrance County electric cooperative, reducing the award from $21 million to $4.2 million, after determining the lower court misapplied the concept of consequential damages. The original award stemmed from a lower court’s determination that the coop, Central New Mexico Cooperative, was partially responsible for a fire that destroyed an Estancia tomato-growing business. The Albuquerque Journal has more on the court’s decision here.
