Law360 (June 11, 2021, 9:46 p.m. EDT) – A California appeals court upheld the award of $ 9.2 million in fees in a ten-year-old real estate dispute over a complex loan ‘apartments in San Francisco, ruling that the trial court was correct in awarding the predominantly party costs to the defendant lenders in a litigation brought by a borrower.
On Thursday, the three-judge panel of the First Appeals District also overturned an award for statutory costs of approximately $ 300,000. Investment firm CP III Rincon Towers Inc. and various mortgage and banking companies that prevailed in the lawsuit brought by developer Rincon EV Realty LLC, who had sought to block a foreclosure on his property, waited too long to initiate these fees …
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