Insurance Law is published by the State Bar Litigation Section in its California Litigation Review (2023 Edition), co-authored by RRB attorney Stephen L. Raucher, along with Michael Sohigian, who have provided insurance updates together for the eleventh consecutive year.
Monthly Archives: May 2024
Victory on Appeal: RRB Secures $1M+ Benefit for Commercial Property Client in Complex Partnership Dispute
RRB successfully represented a joint venturer in a high-stakes partnership dispute involving a commercial property, obtaining a favorable reversal from the Court of Appeal. The client had secured a judgment permitting him to buy out his partners’ joint venture interests based on a 2013 property appraisal. However, when the partners refused to complete the sale at the appraised price, the client sought an order to force the sale based on the judgment.
However, the trial court declined to enforce the judgment, finding that the price had not been set. Steve Raucher of RRB appealed the decision, arguing that the trial court’s refusal to act was an abuse of discretion. The Court of Appeal agreed and reversed the lower court’s ruling, ordering the sale to proceed—even instructing that the Court itself could sign the transfer documents if necessary.
Due to significant property appreciation during the prolonged litigation, this hard-fought victory will deliver a benefit exceeding $1 million to the client.