April 4, 2016

FIRM SECURES $4M JUDGMENT AND DISMISSAL OF $10M CLAIMS

Call & Jensen attorneys recently secured the dismissal of a $10 million lender liability action against its bank client and obtained a $4 million judgment on its cross-claim against the developer who sued the bank. After a multimillion dollar real estate project failed in the Inland Empire, the developer sued the bank for $10 million for lender liability claims, including fraud, specific performance, breach of contract and intentional interference with prospective economic relations. The bank countersued for $4 million on the developer’s guarantee for the project. After trial, the court dismissed the developer’s claims and awarded the bank over $4 million on its cross-claim. The bank also has a motion pending to recover its attorney’s fees and costs. The case was represented by Call & Jensen attorneys Wayne W. Call and Todd C. Bouton.

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