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Huge Liquidated Damages Held Unenforceable in an Aircraft Lease

Although the parties were sophisticated, New York judge finds that a liquidated damages clause was actually an unenforceable penalty.

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Opinion Link

Case Details

Judge Name

Sean H. Lane

Case Citation

In re Republic Airways Holdings Inc., 16-10429 (Bankr. S.D.N.Y. Feb. 14, 2019)

Case Name

In re Republic Airways Holdings Inc.

Case Type

Business