Bonfigli v. Strachan and Smith
Jan 01, 2013OUTCOME: Initial jury trial loss followed by successful appeal followed by successful jury retrial
Leading case on elder financial abuse: land developers obtained an option for their company to purchase elderly couples' real property for substantial sums. Also obtained power of attorney from couple. ... Developers later sold their company along with option. Option then lapsed. Developers secretly used expired power of attorney to do lot line adjustment followed by grant deed for couples' property. Developers failed to pay elderly couple anything.