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$12,655,052 judgment in real estate fraud case

Posted by on March 11, 2013

On January 18, 2013, Mr. Vanderpool obtained a $12,655,052.00 judgment and quiet title to two large commercial properties on behalf of his client investors in a real estate fraud case in Riverside County. The court specifically found that the defendant company’s President had acted intentionally, and with oppression, fraud and malice in his dealings with Plaintiffs. The court also found that the individual defendant was the alter ego of the corporate defendant and was therefore personally liable to Plaintiffs for the obligations of the corporate defendant. The judgment included over $4,655,000 in economic damages, Five Million in punitive damages, and Three Million in non-economic/emotional distress damages. This hard fought case lasted over four years.