John Rasic v. Charles Strother, et al.
Published: Nov. 11, 2000 | Result Date: Oct. 2, 2000 | Filing Date: Jan. 1, 1900 |Case number: CIV088975 Verdict – $781,700
Judge
Court
Riverside Superior
Attorneys
Plaintiff
Defendant
Experts
Plaintiff
James B. Kuhn
(technical)
James Waples
(technical)
Facts
Plaintiff John Rasic transferred 15 acres of residential zone property into partnership. The defendant, Charles
Strother was to develop 84 homes. The defendant actually built 14 homes when the lender took over the project
and withdrew the funding.
The Drummonds had been brought into the partnership as secured lenders and limited partners of Durango
Developers, The Development Limited Partnership formed to develop the property. They were brought in at a
time when it was questionably whether the project only profitably develop the land in the Indio market of 1992.
After expending nearly $4 million and only completing 14 homes, The Drummonds foreclosed and now own
the property.
Rasic sued The Drummonds who were able to prevail on summary judgment prior to trial. Rasic prevailed at
trial on claims of breach of contract, negligence, breach of fiduciary duty and fraud, but the jury only awarded
the verdict as to the claim for negligent misrepresentation.
Other Information
Post-trial motions to confirm the amounts apply to all causes of action by the plaintiff and for new trial by the defendants are set for Nov. 22, 2000.
Deliberation
four days
Length
five weeks
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