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The Seventh Circuit today upheld a district court ruling and ordered Haagen-Dazs Company to pay Firm client SNA Nut Company more than $1 million. SNA, a debtor in Chapter 11 bankruptcy, had sued the ice cream company for the alleged breach of five supply contracts under which SNA had acted as its exclusive supplier of nut products, providing it with almonds, walnuts and macadamia nuts processed under jointly-developed recipes.
The Seventh Circuit ruled in favor of SNA in all aspects, modifying the judgment of the district court and ordering Haagen-Dazs to pay SNA nearly $922,000 plus 5 percent prejudgment interest, which brings the total to approximately $1.3 million. Partner Catherine L. Steege of the Bankruptcy/Corporate Restructuring Practice, and Barry Levenstam, Co-Chair of the Firm's Appellate and Supreme Court Practice, represented SNA in the Seventh Circuit.