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Commercial Dispute
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Case Details
My client invested $50,000 for a 10% interest in a developer's real estate trust. The developer flourished, but refused to give the investor an accounting and did not distribute any profits. When the developer still failed to provide a complete accounting after suit was filed, the Court entered judgment against him and conducted a hearing on damages.
Additional Notes
To establish damages it was necessary to track the developer's tangled web of property dealings throughout the country. The Court found that the investor was entitled to double damages due to the developer's deceit.