Confidential
Settlement – $930,000Judge
Court
Ventura Superior
Attorneys
Plaintiff
Defendant
George Knopfler
(Signature Resolution)
Experts
Plaintiff
Chris Ball
(technical)
Edmund Bolden
(technical)
Defendant
John R. Bardin
(technical)
Kevin V. Keegan
(technical)
Facts
Defendants built a 50-unit condominium complex located in Thousand Oaks. The project was completed in 1988. The price per unit was between $300,000 and $325,000. Plaintiff homeowner association discovered construction defects and filed this suit.
Settlement Discussions
Plaintiffs contend they demanded $1,500,000 and Defendant offered $750,000.
Damages
Hillside flooding, drainage failure, and unconnected HVAC systems. Plaintiffs estimated the cost of repairs to be $1,500,000.
Other Information
Plaintiffs settled out early with numerous subcontractor parties; settlement was reached with the developer wherein one carrier paid $600,000 and an assignment of bad faith was made against another non-participating carrier.
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