Confidential
Settlement – $82,055Judge
Court
L.A. Superior Central
Attorneys
Plaintiff
Defendant
Experts
Plaintiff
Richard Edvall
(technical)
Facts
Plaintiff lumber company sold $64,000 worth of lumber to Defendant general contractor for use in constructing a shopping center for the remaining Defendants. The lumber was delivered between March 17, 1993, and May 8, 1993. During the course of construction, and in order to satisfy Plaintiff's concern that it would be paid, Defendant property owners allegedly agreed to be personally liable for the lumber if Plaintiff continued to supply lumber. Plaintiff was paid $12,000. Plaintiff then recorded a mechanic's lien, sued to foreclose on that lien, and sued Defendant owners for fraud. Before the action came to trial, the lien was allegedly wiped out by a foreclosure sale by the holder of the first trust deed.
Settlement Discussions
Plaintiff contends that they demanded $52,000 and that Defendants offered $15,600.
Damages
$51,890 for lumber.
Other Information
This case was settled following the Court's tentative $71,890 judgment in favor of Plaintiff.
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