Angius & Terry Recovers Nearly $8 Million Dollars on Behalf of Condominium Development!
We are proud to announce that Angius & Terry’s Walnut Creek office has successfully settled a construction defect lawsuit for a condominium association for nearly $8,000,000.00 The outstanding result was achieved with the true team work of partners Julie Mouser,
Kevin Canty and senior paralegal Cristina Moreno and, of course, the association’s board of directors and management professionals.
The Association suffered from an improperly constructed podium slab, leaking decks and windows, and a variety of other construction defects. The case also involved one relatively unique defect whereby the building paper bonds, or sticks, to the stucco. This condition prevents water that penetrates through the stucco from escaping and can cause significant damage inside walls. Such damage can go undetected upon a purely visual inspection. In the past few years, Angius & Terry has successfully litigated this stucco bonding issue in numerous cases. If your Association has stucco exteriors and was built in the 2004-2007 timeframe, feel free to contact us if you have questions about this condition.
The team was further confronted with the challenge of limited insurance funds and a developer with next to no assets. Despite the numerous hurdles, Angius & Terry’s experience resulted in a recovery that enables the association to make extensive repairs to protect their property values and avoid what would have been a significant and burdensome special assessment.
In the past 25 years, Angius & Terry LLP has recovered hundreds of millions of dollars for other Associations suffering from construction defects. Contact us to see if we can be of assistance to your Association.