Contracts
Breach of Contract
Breach of Implied Covenant of Good Faith and Fair Dealing
Confidential
Settlement – $580,000Court
L.A. Superior Santa Monica
Attorneys
Plaintiff
Craig A. Horowitz
(Horowitz & Clayton)
Defendant
Facts
Plaintiffs invested in certain ventures with defendant. The investments were made in defendant's name. By implied agreement, defendant promised to make plaintiffs partners in the ventures. When defendant refused, plaintiffs sued for breach of contract and specific performance. Defendant counterclaimed for fraud.
Other Information
The matter was resolved through mediation by Gig Kyriacou. The mediation lasted two days.
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