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HCP Owes $101M For Sabotaging Ventas Deal: Jury

Law360, New York (September 04, 2009) -- A Kentucky federal jury has ordered Health Care Property Investors Inc. to pay over $101 million for allegedly interfering with health care real estate investment firm Ventas Inc.'s 2007 acquisition of Sunrise Senior Living Real Estate Investment Trust.

“We are pleased that the jury recognized HCP’s significantly wrongful actions in improperly interfering with Ventas’ acquisition of Sunrise REIT,” Ventas CEO Debra A. Cafaro said Friday. “The damages awarded...

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