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Citrus El Dorado LLC v. Stearns Bank et al
Case Number:
8:09-cv-01462
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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December 18, 2015
Stearns Must Pay $1.2M In Real Estate Dispute, Jury Says
A California federal jury ordered Stearns Bank NA to pay $1.2 million in damages in a breach of contract suit brought by the developer of a $13 million project to build 29 luxury homes, well below the $16 million judgment the developer won in a previous trial.
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May 08, 2013
Bank Asks 9th Circ. To Junk $16M Verdict In Developer Row
Stearns Bank NA urged the Ninth Circuit on Wednesday to toss a $16 million judgment against it for allegedly breaching a real estate development contract, arguing that the trial judge gave faulty jury instructions that allowed the bank to be found liable for a federal agency's misconduct.
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December 06, 2011
Stearns Bank Denied New Trial Over Construction Loan
A California federal judge on Friday denied Stearns Bank NA's bid for a new trial in a breach of contract suit brought by the developer of a $13 million project to build 29 luxury homes, saying the jury reasonably came to its $16 million judgment against the bank.