Confidential
Settlement – $901,000Judge
Court
L.A. Superior Burbank
Attorneys
Plaintiff
Defendant
Steven A. Simons
(Law Office of Steven A. Simons)
Experts
Plaintiff
Donald Waller
(technical)
Ralph E. Phillips
(technical)
John J. Nicholas
(technical)
Rodney B. Spears
(technical)
Herb Kate Jr.
(technical)
Adrian J. MacNab
(technical)
Defendant
William H. Stockly
(technical)
Lynn W. Bockemohle
(technical)
Gavriel Berghouse
(technical)
Donald R. Hughes
(technical)
D. William Otey
(technical)
R. Dean Colin
(technical)
Facts
On June 29, 1982, Defendant contractor/developer completed the construction of a condominium project which consisted of 28 units in a 3-story building. A certificate of occupancy was issued as of April of 1983. The construction lender foreclosed on 18 of the 28 units; as a result, Co-defendant management company purchased the 18 units in 1984. Co-defendant management company did the final preparation of the units to sell them to the public as condominiums.
Settlement Discussions
Plaintiffs contend they demanded $975,000 and Defendants offered $901,000. Defendants contend Plaintiff's demand was $3,000,000.
Damages
Construction defects including framing deficiencies, plumbing problems, waterproofing issues, acoustical deficiencies, HVAC inadequacies, and electrical problems -- estimated by Plaintiffs to be worth $750,000 to $1,000,000.
Other Information
This case was filed on February 22, 1993; two years before this result.
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