Case Conclusion Date:February 1, 2008
Practice Area:Lawsuits / Disputes
Outcome:Binding arbitration award in favor of my clients.
Description:My clients agreed to sell a large parcel of land to the plaintiff for a below-market price on the condition of a 30 day escrow. Buyer/plaintiff could not find financing for almost 12 months. My clients finally cancelled the sale. The defendant sued them for specific performance, attorney fees and costs. The arbitrator, a retired judge, found that my clients were justified in cancelling the sale when the buyer couldn't perform.