In Brief Late-Breaking Reports Settlement Reached
April 3, 1996 - In what is being called one of the largest construction defect settlements
in Los Angeles County, a group of general contractors, subcontractors and
a developer have agreed to settle a lawsuit brought by a condominium association
for more than $15 million. The Century Park Place Condominium Association
filed a lawsuit against Century Hill North Company, a partnership of developers
whose names are not being released due to confidentiality agreement, in
January 1993. The association claimed that leaks in the roof, decks, and
windows along with plumbing and electrical problems were caused by faulty
construction and design. (Century Park Place Condominium Association v.
Century Hill North Company, SC021677). The luxury units, located off Avenue
of the Stars in Century City, originally sold for between $450,000 and $950,000.
The association will receive $15.2 million, which will be put into a trust
fund for the repairs of the building, said Newport Beach attorney Thomas
E. Miller, who filed the claim. The settlement leaves one of the subcontractors
facing additional damages totalling more than $3 million.
© Copyright 2008 The Miller Law Firm. All rights Reserved.
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