Jul 11, 2007
Court of Appeal reverses most of $10 million judgment, blocks new trial and rejects most of cross-appeal

Pointe San Diego Residential Community v. W.W.I. Properties (2007) 2007 Cal.App. Unpub Lexis 5649 (California Court of Appeal, Fourth District, Division 1). This hotly-contested case arose out of a complex real estate development venture. It involved a wide range of claims and counterclaims, including breach of contract, breach of fiduciary duty, accounting, trespass, conversion and shareholder derivative claims. Following a two-phase trial that lasted 5 weeks, the court awarded about $10 million in compensatory and punitive damages. Then, the court granted a new trial on plaintiffs’ claim that the judgment should have been many millions of dollars more. Representing the primary defendants, Irving Greines and Barbara Ravitz secured a reversal of most of the judgment, as well as the new trial order. They also successfully defended against the bulk of plaintiffs’ cross-appeal, which sought an additional $40 million.