Ahern v. Asset Management Consultants
The events preceding the motion for attorney fees at issue in this appeal are set forth in detail in our opinion in Ahern I. In brief, the Ahern parties sued the AMC parties and several other individuals and entities for fraud based on alleged misstatements in offering materials for limited partnership and tenant-in-common investments in commercial real property on East La Palma Avenue in Anaheim. The AMC parties successfully petitioned to compel arbitration of the Ahern parties’ claims pursuant to the mandatory arbitration provision in one of the underlying agreements relating to the acquisition of the La Palma Avenue property (referred to by the parties as the iStar PSA). In response the Ahern parties elected not to pursue arbitration, dismissed their fraud claims against the AMC parties and continued with their superior court lawsuit against the remaining defendants.
Comments on Ahern v. Asset Management Consultants