Filed: Mar. 19, 2014
Latest Update: Mar. 19, 2014
Summary: MEMORANDUM ORDER S. MAURICE HICKS, Jr., Magistrate Judge. Before the Court are two Motions in Limine (Record Documents 714 & 726) filed by Defendants Island Park Apartments, LLC, Grand Pointe Apartments, LLC, and CLA, LLC. Defendants move to admit certain financial, accounting, and other related business records and summaries of same. See id. Plaintiff Looney Ricks Kiss Architects, Inc. ("LRK") has opposed both motions. See Record Documents 737 & 742. LRK contends that the records are hear
Summary: MEMORANDUM ORDER S. MAURICE HICKS, Jr., Magistrate Judge. Before the Court are two Motions in Limine (Record Documents 714 & 726) filed by Defendants Island Park Apartments, LLC, Grand Pointe Apartments, LLC, and CLA, LLC. Defendants move to admit certain financial, accounting, and other related business records and summaries of same. See id. Plaintiff Looney Ricks Kiss Architects, Inc. ("LRK") has opposed both motions. See Record Documents 737 & 742. LRK contends that the records are hears..
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MEMORANDUM ORDER
S. MAURICE HICKS, Jr., Magistrate Judge.
Before the Court are two Motions in Limine (Record Documents 714 & 726) filed by Defendants Island Park Apartments, LLC, Grand Pointe Apartments, LLC, and CLA, LLC. Defendants move to admit certain financial, accounting, and other related business records and summaries of same. See id. Plaintiff Looney Ricks Kiss Architects, Inc. ("LRK") has opposed both motions. See Record Documents 737 & 742. LRK contends that the records are hearsay and/or do not fall within the business records hearsay exception. See id. Additionally, LRK challenges the admissibility of the summaries because the source documents were not made available for inspection and/or the summaries are based on inadmissible hearsay and inadmissible summary evidence. See id.
The Court has reviewed the extensive briefing relating to the admissibility of the "expense evidence" and rules as follows:1
Tax Returns, Financial/Income Statements, General Ledgers, Balance Sheets, Journal Entries, and Construction Documentation/Expenses
The Court holds that the above-referenced documents are admissible pursuant to Federal Rules of Evidence 806(3) and 902(11). Defendants have provided this Court with the Certifications of Records Custodian and the deposition testimony of CPA Greg Murphey, the Chief Financial Officer for The Bryan Company, Inc., and CPA Stephen Dunavant. The Court has reviewed such materials and finds that Defendants have laid the proper foundation for the admissibility of the financial, accounting, and other related business records. The requirements of Rules 806(3) and 902(11) have been met and the evidence is admissible.2 LRK is free to argue the issue of the accuracy and weight of the aforementioned records to the jury.3
Accounting Expert John Dean's Summaries
The Court further finds that the three summaries prepared by Defendants' accounting expert John Dean are admissible. The summaries do not relate to the stored source documents LRK alleges were not made available for inspection. Rather, they are summaries of general ledgers, financial statements and tax returns, which this Court has held to be admissible. Moreover, this Court believes that the summaries are also proper pursuant to Federal Rule of Evidence 1006, as the business records summarized are quite voluminous. The summaries will be of great assistance to both the Court and the jury. Finally, the Court notes that Mr. Dean will be subject to cross-examination as to the creation of the summaries and the jury will determine the weight to be given to the summary evidence.
Accordingly,
IT IS ORDERED that the Motions in Limine (Record Documents 714 & 726) filed by Defendants Island Park Apartments, LLC, Grand Pointe Apartments, LLC, and CLA, LLC be and are hereby GRANTED.