New multi-family apartment complex in Frisco, Texas
N/AOUTCOME: Resolved lawsuit with over 20 parties through settlement with general contractors, sureties and subcontractors. Client paid nothing to defaulting contractor and recovered a favorable sum.
Project consists of nine buildings, clubhouse and pool, with over 300 units. Project funding through a $31 million HUD insured construction loan. Represent owner in pursuing damages valued at eight-fig ... ures for repairs to non-conforming, defective work and water infiltration. Obtain $4 million reduction of general contractor's $6 million mechanics lien affidavit through motion for summary judgment.