Hand Cut Steaks Acquisitions, Inc. v. Lone Star Steakhouse & Saloon of Nebraska, Inc.

At issue in this action against Tenant, which abandoned leased property and then surrendered the property, was whether the district court correctly awarded damages to the date Landlord, which elected to sell the property, reached a tentative agreement to sell the property rather than to an actual sale date. The Supreme Court affirmed the district court’s damages award, holding that, although Landlord did not elect to accept Tenant’s abandonment and terminate the lease, the duration of finalizing the sale was not reasonable. The court, however, reversed the district court’s dismissal of Tenant’s out-of-state guarantor for lack of jurisdiction, holding that the guaranty established sufficient connections to Nebraska. View "Hand Cut Steaks Acquisitions, Inc. v. Lone Star Steakhouse & Saloon of Nebraska, Inc." on Justia Law