Real Estate Contamination

Lloyd Stewart Mann

Case Conclusion Date:November 29, 2012

Practice Area:Real Estate

Outcome:We settled the case for the entire amount of the damages suffered by our client-in excess of $300,000.

Description:Our client purchased a property for purposes of operating a fast food restaurant on the property. Our client's property was located next door to a gas station. Years after the purchase of the property, our client attempted to sell the property, but the buyer backed out of the transaction because he alleged that the property was contaminated by the gas station next door. As a result, our client wound up having to sell the property to another buyer for about $300,000 less than the deal that collapsed because of the contamination. The gas station denied liability.

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