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    • CONFIDENTIAL

    Sep. 23, 1995
    Verdicts and settlements
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    Construction
    Condominium Project

    Confidential

    Settlement –  $3,250,000

    Court

    Orange Superior


    Attorneys

    Plaintiff

    Michael D. Dicks
    (Dicks & Coglianese LLP)

    Christopher J. Coglianese


    Defendant

    Jeffrey D. Blake
    (Barnow & Associates PC)

    Bruce W. Lorber

    Philip W. Green
    (Samuels Green & Steel LLP)


    Experts

    Plaintiff

    Awtar Singh
    (technical)

    James A. Dukes
    (technical)

    Donald Waller
    (technical)

    William J. Sevier
    (technical)

    Stanley C. Livingston
    (technical)

    Stephen E.C. Wong
    (technical)

    Bill Thomas
    (technical)

    John J. Nicholas
    (technical)

    Scott L. Tedmon
    (technical)

    Defendant

    Mitchell Murphy
    (technical)

    Seb J. Ficcadenti
    (technical)

    Erik Klock
    (technical)

    Seb J. Ficcadenti
    (technical)

    George Swink
    (technical)

    Steven R. Marvin
    (technical)

    Facts

    In 1990-91 Defendant developers completed the construction of a 266-unit condominium project; the purchase price range per unit was between $140,000 and $190,000. Plaintiff homeowner association began noticing structural defects in June of 1993.

    Settlement Discussions

    Plaintiff contends that, following various offers and demands, it made a 998 demand in the amount of $4,500,000 and Defendant developers offered $3,250,000.

    Damages

    Defective streets, roofs, framing, windows, and fire blocking.

    Other Information

    The case against Cross-defendants, subcontractors and design professionals, is pending; the remainder of the case is being pursued jointly by Plaintiff and the developers.


    #109067

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