On December 16, 2022, a jury awarded Conrad Shipyard, LLC $7,494,930 in breach of contract damages after one of Conrad’s customers asked Conrad to build two oceangoing tugs but later refused to pay for them.
Before trial (in the parties' proposed pretrial order), Conrad stated it sustained $6,049,7764 in damages due to the breach of the vessel construction contracts. Conrad listed its damages as follows:
$434,472 in hard damages for Hull C-1185
$2,359,875 in hard damage for Hull C-1186
$410,560 for the costs associated with the winches
$2,854,858 in interest expense related to Conrad having to finance the construction of both vessels.
The case was tried by a jury in New Orleans federal court between December 12, 2022 and December 16, 2022. The jury returned a verdict in Conrad’s favor for $7,494,930. Here is a link to the jury verdict form:
A copy of the pretrial order can be accessed by clicking the following link:
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