LaPrairie Group Contractors v. CE Casecnan

Filed 2/21/07  LaPrairie Group Contractors v. CE Casecnan CA1/1

NOT TO BE PUBLISHED IN OFFICIAL REPORTS

California Rules of Court, rule 977(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 977(b).  This opinion has not been certified for publication or ordered published for purposes of rule 977.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

FIRST APPELLATE DISTRICT

DIVISION ONE

            Appellants challenge the trial court's interpretation of provisions of a Stockholder's Agreement between the parties and findings on inputs made in a Completion Pro Forma which determined the interests of the parties in a joint venture to construct and operate an irrigation system and hydroelectric plant.  We conclude that the trial court properly interpreted the Stockholder's Agreement, and erred in only one of the numerous findings on the Completion Pro Forma inputs.  We therefore reverse the finding on the energy production and sale input, affirm the findings on the remaining inputs disputed in this appeal, and remand the case to the trial court for recalculation of the interests of the parties in light of our conclusions.

STATEMENT OF FACTS AND PROCEDURAL HISTORY

            Late in 1993, the parties to this litigation embarked upon an ambitious venture, referred to as the â€