Phoenix Life Insurance Company v. Jennifer Chan
Published: May 30, 2009 | Result Date: Dec. 8, 2008 | Filing Date: Jan. 1, 1900 |Case number: BC384064 Settlement – $218,134
Facts
On Dec. 29, 2006, plaintiff Phoenix Life Insurance Company and defendant Jennifer Chan entered into a loan agreement for $471,298. Chan executed a promissory note and agreed to monthly payments of $40,131.
Contentions
PLAINTIFF'S CONTENTIONS:
The plaintiff contended that defendant defaulted in the loan in May 2007, when she failed to pay the full monthly amount due.
DEFENDANT'S CONTENTIONS:
The defendant contended the plaintiff owed her $294,679.
Damages
Plaintiff claimed $294,679 and interest, plus attorney fees as well as costs.
Result
The parties settled for $218,134 via stipulated judgment. Pre-judgment interest was awarded for $51,483 and attorney fees for $30,383.
Other Information
FILING DATE: Jan. 18, 2008.
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