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Litigation

Nov. 3, 2016

$30.5M case ends in settlement of punitive damages

A private mortgage lender found liable for $30.5 million settled before arguments for additional punitive damages could take place Tuesday before a Los Angeles Superior Court jury.

By America Hernandez
Daily Journal Staff Writer

A private mortgage lender found liable for $30.5 million settled before arguments for additional punitive damages could take place Tuesday before a Los Angeles County Superior Court jury.

Settlement negotiations began in earnest after a jury in Long Beach handed down the verdict for actual damages Friday, and concluded around Tuesday at noon, according to plaintiff's...

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