Pacifica Companies v. Patel CA4/1
This case involves a dispute about a letter of intent agreement between Shailesh "Sunny" Patel and Chhatrala Business House (India) Private LTD (together Business House) and Deepak Israni and Pacifica Companies, LLC (together Pacifica) related to a development project for a property in India. Pacifica contended Business House breached fiduciary duties under the agreement by obtaining an order from the Supreme Court of India awarding Patel the property under a separate memorandum of understanding (MOU) with the government of the state of Gujarat, India. Business House contended the letter of intent agreement applied only if the property was acquired by the joint venture through a bidding process.
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