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    • CONFIDENTIAL

    Dec. 10, 1994
    Verdicts and settlements
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    Construction
    Condominium Project

    Confidential

    Settlement –  $3,400,000

    Judge

    Jerrold S. Oliver

    Court

    Ventura Superior


    Attorneys

    Plaintiff

    Michael D. Dicks
    (Dicks & Coglianese LLP)


    Defendant

    Robert J. Brantner


    Experts

    Plaintiff

    Ernest R. Orchard
    (technical)

    Donald Waller
    (technical)

    Mike Madsen
    (technical)

    John J. Nicholas
    (technical)

    Bill Thomas
    (technical)

    Herbert Katz Jr.
    (technical)

    Michael Ghodsi
    (technical)

    Facts

    Defendant developer built a 112-unit condominium project. The construction was completed in 1986, with an average purchase price per unit of $120,000. As a result of defects, Plaintiff homeowners association brought this lawsuit for strict liability, breach of warranty and negligence against the Defendant developer.

    Settlement Discussions

    Plaintiff contends it demanded $4,000,000 and Defendant offered $1,100,000 increased to $1,800,000 increased to $3,400,000.

    Damages

    Multiple roof leaks, improperly constructed exterior decks, stairs and landings, faulty installation of windows and a multitude of other significant construction defects; Plaintiff's estimated cost of repairs was $4,200,000 (Defendant's estimate was $1,100,000).


    #83451

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