Calif. Can't Trim Claims It Reneged On $2.3B Property Sale

Law360, San Francisco (July 22, 2013, 9:39 PM ET) -- A California state judge Monday refused to pare down a lawsuit claiming the state violated its contract with real estate investor California First by reneging on a $2.3 billion deal to sell 11 state buildings, finding that California First had sufficiently pled the alleged breach.

San Francisco Superior Court Judge Marla Miller denied California's motion for judgment on the pleadings, saying she had been persuaded by California First's argument that the state let the parties' initial contract lapse, and then continued to negotiate without telling other parties that...
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