Amlap ST LLC v. Asset Management Consultants Inc.
The superior court granted the petition filed by Asset Management Consultants, Inc. (AMC), BH & Sons, LLC, James R. Hopper and Gloria Hopper (collectively BH parties) and Kevin Hopper (K. Hopper) to confirm an arbitration award dismissing the investment fraud claims of Amlap ST, LLC and Superstition Lookout Delaware, LLC (collectively Amlap investors) as barred by governing statutes of limitations; denied the Amlap investors’ petition to vacate or correct the award; and entered judgment in favor of the BH parties and K. Hopper. The arbitration was conducted pursuant to the arbitration provision in the cotenancy agreement between BH & Sons, on the one hand, and tenant in common investors in commercial property located on East La Palma Avenue in Anaheim (the Amlap property), including Amlap ST, on the other hand.
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