Saturday, October 10, 2009 Ocean Tower Settlement and Implosion In 2006 construction began on the 31-story condo building known at the "Ocean Tower" . Plaintiff argues the two actions involve different primary rights. DUE TO THE ONGOING COVID-19 PANDEMIC, PARTIES AND COUNSEL ARE STRONGLY ENCOURAGED TO AVOID IN-PERSON APPEARANCES AND TO APPEAR VIA COURT CALL WHENEVER POSSIBLE. The HOA alleges it has paid millions of dollars in litigation initiated against it by US Bank because of these sales and seeks indemnification from Spahi and his alter egos. The court granted final approval of the proposed settlement in the class action on August 7, 2020. 0000140158 00000 n Plaintiff adequately alleges alter ego liability, allowing this cause of action to proceed against Spahi. Copyright 2023. Celebrate Cinco de Mayo at Hotel Casa del Mar with your friends and Dos Hombres Mezcal! Defendant claims the primary issue in the ongoing 2015 lawsuit is the HOAs right to be free from injury caused by Spahis alleged scheme to purchase units at a discount. 0000004091 00000 n (916 . The lawsuit has nothing at all to do with these allegations. . ClassifiedsDirectoryAboutContactAdvertise, Prestige property at 201 Ocean Ave. has completed three years of litigation. . Due to popular demand the Berkman Klein Center is keeping the website online, but. When courts apply sanctions, they are generally to be imposed in an incremental approach, with terminating sanctions being the last resort. Dept. Ocean Tower accuses the firms of fraud and/or gross negligence and is seeking $125 million in damages. All to prevent us from getting approval for the original foreclosed unit. The complaint does not state when defendants allegedly repudiated their obligation to indemnify. Who knows, right now all i can say is that a geotechnical report for a project of this magnitude is usually written by one engineer and reviewed by another more senior engineer. . LEONARD LUDOVICO VS OCEAN TOWERS HOUSING CORPORATION, A CALIFORNIA CORPORATION.
