Originally posted by QueensburyRules
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Dempsey lost faith in the CAC and breached the contract via a public announcement (sometine around July '26 I think) that he was out and would be figting Tunney, for Rickard.
CAC sued and got an injuction that shut down Chicago as a fight site, but Philadelphia, (in a different federal district) which was building a new stadium for the sesquicentennial celebration, was all in.
The suit came to an end in 1931 or 1932 and the court found, and the appealtte court up held, that Dempsey did indeed breach a binding contract but once he publicly breached the contract the CAC should have stop moving forward (spending money) with the fight.
The Court saw fit to award the CAC the monies lost up to the date that Dempsey made the public breach.
But the CAC was suing for $800K, they seemed to have based the figure on what the CAC was offering Dempsey. The court refused and the appellate court agreed that they were not entitled to that money because there was no way to ascertain whether the fight would/could/should have produced the claimed numbers being offered to the court for punitive damages (800K).
I thought the 800K figure odd considering that was what they were planning on paying Dempsey. The fight would have to have earned considerably more if everyone was going to profit. So it seems they kind of pulled the 800K figure out of their butt.
The fight probably should have been worth a sight over two million IMO.
T will correct/challenge anything I may have flubbed on, and that's cool.
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