100 Mount Holly Bypass v. Axos Bank

District Court, D. Utah·Decided September 16, 2025·No. 2:20-cv-00856·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF UTAH

100 MOUNT HOLLY BYPASS, LLC, et MEMORANDUM DECISION AND al., ORDER DENYING DEFENDANT’S MOTIONS IN LIMINE NOS. 1, 2, 3, and Plaintiffs, 5. v.

AXOS BANK, et al., Case No. 2:20-cv-00856-TS Defendants. Judge Ted Stewart

This matter comes before the Court on Defendant Axos Bank’s Motions in Limine No. 1, No. 2, No. 3, and No. 5 filed in anticipation of the bench trial scheduled to begin on September 22, 2025. For the reasons discussed below, the Court will deny the Motions. Federal Rule of Evidence 402 provides that only relevant evidence is admissible. “Evidence is relevant if: (a) it has any tendency to make a fact more or less probable than it would be without the evidence; and (b) the fact is of consequence in determining the action.”1 Rule 403 excludes otherwise relevant evidence “[i]f its probative value is substantially outweighed by the danger of unfair prejudice, confusion of the issues, or misleading the jury, or by considerations of undue delay, waste of time, or needless presentation of cumulative evidence.” However, “excluding evidence in a bench trial under ‘Rule 403’s weigh of probative value against prejudice [is] improper.’”2

1 Fed R. Evid. 401. 2 United States v. Kienlen, 349 F. App’x 349, 351 (10th Cir. 2009) (quoting Gulf States Utils. Co. v. Ecodyne Corp., 635 F. 2d 517, 519 (5th Cir. 1981)). The parties agree that the two remaining issues before the Court are: “(1) the date the Lease Term should commence, and (2) what amount of damages, if any, Plaintiffs are entitled to receive.”3 A. Motion in Limine No. 1

Defendant seeks to exclude evidence or opinion that the Commencement Date of the Lease is prior to July 1, 2020.4 Pursuant to the Master Lease Agreement, 3. The term of the Lease . . . shall commence on the Acceptance Date . . . and shall continue for an Initial Period ending in the number of months from the Commencement Date as specified in the Schedule. . . . . 6. (a) After Lessee receives and inspects any Property and is satisfied that the Property is satisfactory, Lessee shall execute and deliver to Lessor an Acceptance Certification in form provided by Lessor; provided however, that Lessee’s failure to execute and deliver an Acceptance Certificate for any Property shall not affect the validity and enforceability of the Lease with respect to the Property. If Lessee has signed and delivered a Master Progress Funding Agreement, Lessor may, in its sole discretion, at any time by written notice to Lessee, declare all prior Authorizations signed in connection with the Master Progress Funding Agreement to be and constitute the Acceptance Certificate for all purposes under the Lease, and the Acceptance Date of the Lease shall be the date determined by the Lessor in its sole discretion which shall not be earlier than the date of the last Authorization.5 Regarding the “Acceptance Date,” the Master Lease provides “[e]xcept as otherwise provided in Section 6(a) of the Master Lease Agreement, Acceptance Date means . . . the date Lessee accepts the Property as set forth in any Acceptance Certificate signed by the Lessee which is acceptable to Lessor.”6 The Master Lease further defines “Commencement Date” as follows: “[w]here the Acceptance Date for [the Property] falls on the first day of a calendar

3 Docket No. 291, at 7. 4 Docket No. 293. 5 Docketed No. 293-1 ¶¶ 3, 6(a). 6 Id. at 10. quarter, that date or in any other case, the first day of the calendar quarter following the calendar quarter in which such Acceptance Date falls.”7 In the Court’s Summary Judgment Order it concluded that Defendant Axos Bank had breached the implied covenant of good faith and fair dealing by failing to commence the Lease in its discretion using an objective standard of reasonableness.8

Defendant seeks to exclude any evidence that it could have commenced the Lease prior to July 1, 2020, based on the above language in the Master Lease Agreement. They argue that since Plaintiffs informed Axos on April 29, 2020, that the Solar System was complete and Plaintiffs made their last authorization on May 18, 2020, that Axos did not have discretion to commence the Lease earlier than May 18, 2020.9 Plaintiffs respond that the language of the Master Lease Agreement does not support Defendant’s request and that Defendant had the discretion to commence the Lease prior to July 1, 2020, because Plaintiffs had received substantially all the Lease Property prior to January 1, 2020.10 The Court will deny the Motion without prejudice. Based on the Court’s review of the

Master Lease Agreement, evidence that the Lease could have commenced prior to July 1, 2020, is relevant to the two remaining issues before the Court and the probative value of the evidence is not substantially outweighed by the danger of undue delay, waste of time, or confusion of the issues. The Court finds that the evidence is therefore admissible. This does not limit Defendant from raising the objection at trial if necessary.

7 Id. 8 Docket 251, at 45. 9 Docket No. 293, at 4. 10 Docket No. 300, at 3. B. Motion in Limine No. 2 Defendant seeks to exclude all evidence related to the “Blind Discount” between Axos Bank and New Jersey Clean Energy Solutions (“Solar Experts”) as not relevant to the issues remaining for trial.11 Plaintiffs assert that the Motion should be denied because it is overly broad

by seeking to exclude all evidence regarding the discount and because Defendant has already stipulated to the admission of facts and evidence regarding the Blind Discount.12 The parties’ Pretrial Order includes a statement of uncontroverted facts, which includes the following statement: “Solar Experts and Axos agreed to a discounted price, wherein Axos would fund the purchase of and own the Solar System for $3,177,055 instead of the $3,819,700 purchase price negotiated with Plaintiffs (the ‘Blind Discount’). Copies of versions of the Blind Discount invoices shall be admissible at trial.”13 Defendant also identified the following as a Contested Issue of Law in the Pretrial Order: “Whether the issue of the Blind Discount is relevant to the remaining issues of when the Lease Term should have commenced and, any damages incurred by Plaintiffs due to Axos’s decision not to commence the Lease Term.”14

Plaintiffs further assert that they will not be arguing that the Blind Discount is relevant to the amount Plaintiffs are required to pay to Axos, but that the discount “is relevant to the issue of Plaintiffs’ damages related to the lien actions filed by Cooper Electric and Solar Experts.”15 The Court will deny the Motion. The lack of specificity does not allow the Court to conclude the evidence Defendant seeks to exclude is “clearly inadmissible on all potential

11 Docket No 294. 12 Docket No. 299, at 1, 3. 13 Docket No. 291, at 8. 14 Id. at 16. 15 Docket No. 299, at 3. grounds.”16 This is further bolstered by the parties’ inclusion of the Blind Discount in their Statement of Uncontroverted Facts and Defendant’s reference in the Pretrial Order. This ruling does not bar Defendant from raising objections during the bench trial regarding the Blind Discount, as necessary.

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