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Litigation

Jan. 20, 2011

Corona Summit LLC v. SPUSO5 Corona Summit LP - $80 million

Breach of Contract Los Angeles County Superior Court Los Angeles


David C. Grant was lying on a beach in Hawaii, reading through a breach of contract case he had just inherited, when he thought, "No way!"


Settle for a mere $13 million?


"You've got to be kidding me," he said. "This is an $80 million case. This won't cut the mustard."


At issue was a single-purpose entity, SPUSO5 Corona Summit LP, created by CB Richard Ellis Investors, that agreed to buy three office buildi...

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