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    • CONFIDENTIAL

    Dec. 31, 1993
    Verdicts and settlements
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    Breach of Contract
    Condominium Development
    Construction Defect

    Confidential

    Settlement –  $6,167,000

    Judge

    Jerrold S. Oliver

    Court

    L.A. Superior Santa Monica


    Attorneys

    Plaintiff

    Joel B. Castro
    (Castro & Associates)


    Defendant

    Joseph M. Cahn

    Lilianne G. Chaumont

    Mark K. Worthge
    (Litchfield Cavo LLP)

    Brian K. Stewart
    (Collins, Collins, Muir & Stewart LLP)

    Ken Coronel

    Steven Hellman

    George Knopfler
    (Signature Resolution)


    Experts

    Plaintiff

    Awtar Singh
    (technical)

    Edward W. Saltzberg
    (technical)

    Raymond A. Grill
    (technical)

    Daniel E. Pradel
    (technical)

    Don Hughes
    (technical)

    Raymond Itaya
    (technical)

    Edward K. Takahashi
    (technical)

    Gerald Lehmer
    (technical)

    John M. Thompson
    (technical)

    Defendant

    Ralph E. Phillips
    (technical)

    Donald Ylvisaker
    (technical)

    Donald F. Dickerson
    (technical)

    Ken Gladney
    (technical)

    Gregory W. Axten
    (technical)

    T.H. "Nick" Carter
    (technical)

    Sam Huff
    (technical)

    Richard Bradshaw
    (technical)

    Albert G. Presky
    (technical)

    David L. Douglass
    (technical)

    Kenneth E. Bondy
    (technical)

    Raymond E. Steinberg
    (technical)

    William C. Sterling
    (technical)

    William L. Steed
    (technical)

    John R. Bardin
    (technical)

    John Deenihan
    (technical)

    Raymond LaTona
    (technical)

    Herbert Katz Jr.
    (technical)

    Janet Hickenbottom
    (technical)

    Michael Maroko
    (Allred, Maroko & Goldberg LLP) (technical)

    Facts

    In late of 1979 Defendants completed the construction of Plaintiff homeowners' association's 144-unit condominium project. The units sold for the amounts ranging from $150-450,000 each.

    Settlement Discussions

    Plaintiffs contend they made a 998 demand of $5,750,000 in March of 1993; Defendant general contractor and its subcontractors settled construction deficiencies with Plaintiff for $3,167,000 and obtained Plaintiff's agreement that settlement with the remaining parties would require releasing the general contractor and its subcontractors; the Defendants developer, architect, and structural engineer settled with Plaintiff for $3,000,000 and released the general contractor and its subcontractors.

    Damages

    Cost to repair the deficiencies in design and construction, estimated to be $9,362,631.


    #88190

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