Confidential
Settlement – $180,000Judge
Court
San Diego Superior
Attorneys
Plaintiff
Defendant
Steven M. Maslauski
(Prindle, Goetz, Barnes & Reinholtz LLP)
Experts
Plaintiff
Kathy Griffen
(technical)
Defendant
J. Neal Snowden
(technical)
Facts
The subject suit involved the purchase of a Mitsubishi jet by the plaintiff Canamera Holdings/Philip Oldridge. The defendants were the escrow company (and its employees) which handled the escrow transaction.
Settlement Discussions
The plaintiff demanded $350,000 in November 2003, eventually reducing the demand to $217,500 after two settlement conferences. The case settled after the defendant served a C.C.P. Section 998 offer of $175,000 and the plaintiff reduced his $217,500 settlement demand to $185,000.
Damages
Loss of use of $160,000, or a plane of that value, since October 2002.
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