Florin Associates LLC v. Famsa Inc., a California corporation; Grupo Famsa, S.A. De C.V., a corporation organized under the laws of Mexico
Published: Feb. 28, 2015 | Result Date: Aug. 13, 2014 | Filing Date: Jan. 1, 1900 |Case number: 3:13-cv-00004-JCS Settlement – $5,000,000
Court
USDC Northern
Attorneys
Plaintiff
Elyse W. Whitehead
(Keesal, Young & Logan)
Defendant
Richard I. Arshonsky
(Levinson, Arshonsky & Kurtz LLP)
Facts
Florin Associates LLC sued Famsa Inc. and Grupo Famsa, S.A. De C.V., a corporation organized under the laws of Mexico, involving a lease agreement.
Contentions
PLAINTIFF'S CONTENTIONS:
Plaintiff owned the subject commercial property located in Sacramento, and accused tenant-defendant and guarantor-defendant of breaching the lease and guaranty agreements. Plaintiff asserted claims for breach of lease against defendant Famsa, breach of guaranty against Grupo Famsa, declaratory judgment against Famsa, and declaratory judgment against Grupo Famsa.
DEFENDANTS' CONTENTIONS:
Defendants denied plaintiff's allegations and asserted various affirmative defenses.
Result
The parties entered into a stipulated consent judgment in favor of Florin in the amount of $5 million, plus interest, and against defendants.
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