Confidential
Settlement – $8,000,000Judge
Court
L.A. Superior Santa Monica
Attorneys
Plaintiff
Defendant
Paul R. Fine
(Daniels Fine Israel Schonbuch & Lebovits LLP)
Experts
Plaintiff
Shahram Sheybany
(technical)
Rodney B. Spears
(technical)
Gerald Lehmer
(technical)
Richard Neustin
(technical)
John Schirra
(technical)
Lynn W. Bockemohle
(technical)
B.J. Petersen
(technical)
George Saadin
(technical)
Robert Bird
(technical)
Marshall Long
(technical)
Edward W. Saltzberg
(technical)
John E. Thompson
(technical)
Edward K. Takahashi
(technical)
Russell Iwanaga
(technical)
Defendant
Harold Brown
(technical)
Thomas K. Butt
(technical)
William J. Sevier
(technical)
James A. Dukes
(technical)
Harry A. MacDonald
(technical)
James R. Libby
(technical)
Lee Saylor
(technical)
Brick Veneer
(technical)
Adrian J. MacNab
(technical)
John C. Stevenson Jr.
(technical)
Thomas Van Dyke
(technical)
Facts
The subject 102-unit condominium was completed in August of 1987. The unit prices ranged from $300,000 to $800,000. Occupancy included many elderly residents.
Settlement Discussions
Plaintiffs contend that, at a formal mediation, they made a demand of $13,000,000 and Defendant offered $3,500,000; during trial Plaintiffs demanded $9,900,000 and Defendants offered $7,000,000. Defendant contended Plaintiffs' initial demand for more than one year of mediations, was $20,000,000; reduced to $18,500,000; prior to trial Defendants made a 998 offer of $7,000,000 (in March) increased to $7,900,000 at the commencement of trial in April.
Damages
$16,000,000 in property damage (per Plaintiffs). $20,000,000 for repairs and relocation (per Defendants).
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