Belle Haven Realty Co. v. Caz Development Co.

W. George Wailes

Case Conclusion Date:April 27, 1989

Practice Area:Litigation

Outcome:jury verdict for $3.2 million including $2 million punitive damages; resolved through settlement for slightly less.

Description:Developer refused to pay a lease guaranty that was part of purchase of commercial property after the tenant defaulted, claiming that the guaranty was delivered outside escrow and without an agreement.