Confidential
Settlement – $59,000Judge
Court
L.A. Superior San Fernando
Attorneys
Plaintiff
Defendant
Experts
Plaintiff
Randall Akers
(technical)
Robert I. Zweigler
(technical)
Defendant
Kenneth J. Palos
(technical)
Avram Ninyo
(technical)
Don Villafana
(technical)
John T. Tsao
(technical)
Facts
In 1984, the plaintiffs purchased a home from a bank. That bank was later taken over by the defendant bank. During 1985, the plaintiffs' house began showing a cracked slab, and bent beams. In March 1991, water intrusion, and an elevation of the pool was detected. The plaintiffs brought this action against the bank and the contractor (who was allegedly hired and controlled by the bank) based on construction defect, strict liability and negligence theories of recovery.
Settlement Discussions
The plaintiffs made a C.C.P. º998 settlement demand for $75,000. The defendants made a C.C.P. º998 offer of compromise for $26,000.
Other Information
The settlement was reached approximately three years and two months after the case was filed.
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