David D. Lukens v. Landvak Corporation
Published: Mar. 1, 1997 | Result Date: Aug. 7, 1996 | Filing Date: Jan. 1, 1900 |Case number: CIV158000 – $0
Judge
Court
Ventura Superior
Attorneys
Plaintiff
Defendant
Facts
In June 1995, plaintiff David D. Lukens, a hard money lender, attemped to enforce a written loan commitment letter against defendant Landvak Corporation, a real estate developer. The letter specified, among other things, a loan fee for the plaintiff. The plaintiff arranged the loan of $1.8 million, but the defendant refused to pay the plaintiff the loan fee. The plaintiff brought this action against the defendant based on breach of contract theories of recovery.
Settlement Discussions
The plaintiff made a C.C.P. º998 settlement demand for $50,000, plus dismissal of another dispute between the parties. The defendant made no settlement offers.
Damages
The plaintiff claimed damages in the amount of $270,000 plust interest.
Other Information
The verdict was reached approximately one year after the case was filed.
Length
1 day
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