Client Successes Feb 26, 2016

BB&K Team Wins Case Dismissal in Complex Business Litigation

Franklin Adams, Thomas Eastmond and Cathy Ta proved there was no evidence to hold client responsible in investment dispute.

Best Best & Krieger LLP Partner Franklin C. Adams, Of Counsel Thomas J. Eastmond and Associate Cathy Ta obtained summary judgment for an individual client in a highly complex and hard-fought financial and business litigation suit alleging causes of action of elder financial abuse, fraudulent misrepresentation and breach of fiduciary duty.

BB&K’s client was the principal in a pension benefits administration firm when he connected some of his high net worth clients with developers raising capital to buy, renovate and eventually sell commercial property. The project was a success: the property sold and the investors received a profitable return. However, one of the investors continued to work with the developers on other projects without BB&K’s client’s involvement, as he had left that business. When a dispute arose between the developers and the investor, the client was named as a defendant in the lawsuit filed by the investor.

The Riverside County Superior Court sided with the BB&K team’s arguments that there was no evidence of causation, harm, compensation or legal misrepresentation — all required to sustain the causes of action for trial. The client was dismissed from the action.

If you have questions about this case please contact Caroline Djang at caroline.djang@bbkla.com.

Continue Reading

Related Practices

Related Industries

Subscribe