The firm represented a general contractor relating to a multi-use private development in Rancho Cucamonga, California, which included a hotel, gas station, retail stores, and offices. The project was bank financed with loans over $36 million and construction costs over $24 million. After litigation had been pending for nearly a year, inclusive of over 25 subcontractor lien claimants, complaints and cross-complaints by and against the developer, lenders, general contractor and subcontractors, and a failed mediation and three weeks before the phase one priority-of-title trial, the firm was retained to represent the general contractor.
[expand title=”Read More” swaptitle=”Less”]The firm tried the phase one case and established all mechanics lien claimants had priority over the construction lender subject only to a $2.5 million land purchase loan. The firm steered the consolidated actions into mediation and resolved the entirety of the lien cases to the benefit of the general contractor. The firm’s role included representation of the contractor in the owner’s related bankruptcy, trustee foreclosure proceedings, pending subcontractor claims and litigation among lenders for the project.
[/expand]
Counsel: P. Randolph Finch Jr., Jason R. Thornton, and Allison N. Lantz