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Belle Haven Realty Co. v. Caz Development Co.

Case Conclusion Date: 04.27.1989

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.

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