XCO INTERNATIONAL, INC. v. PACIFIC SCIENTIFIC CO., 03-1683
Where a liquidated damages clause in a contract specifies the same amount of damages regardless of the severity of the breach, the proper judicial remedy would be to limit it to those breaches for which it constitued a reasonable specification of damages.
- Argued 12/03/2003
- Decided 05/24/2004
- Published 05/24/2004
- POSNER, Circuit Judge., Before FLAUM, Chief Judge, and POSNER and WILLIAMS, Circuit Judges.
- United States Seventh Circuit
- For Appellees:
- Thomas J. Ramsdell (Argued), Marshall, Gerstein & Borun, Chicago, IL, for Plaintiff-Appellant/Cross-Appellee., Michael P. Siavelis (Argued), John A. Childers, Johnson & Bell, Chicago, IL, for Defendant-Appellee/Cross-Appellant.