$3.8 Million Award
We represented a doctor who owned a piece of property in Yorba Linda, California. Congero Development, Inc., a surgery center developer, promised to develop the property into a medical building and surgical center. The doctor entrusted Congero with a sizable amount of money, obtained through a loan secured by the property. Congero took the doctor’s money, abandoned the project, and left the property bare.
With the funds depleted, the lender refused to loan the doctor any further funds and insisted upon the repayment of the loan. When the doctor was unable to do so, the lender foreclosed on the property, and the doctor lost his property.
We filed an action against Congero. We proved that Congero committed fraud and breached its fiduciary duty to the doctor. We successfully obtained a $3.8 Million arbitration award that included an award of attorneys’ fees and costs.