Representing multiple families, the Ponist Law Group alleged that a rogue broker of a securities broker-dealer, charged with managing the accounts of their clients, improperly churned the clients’ accounts, excessively traded the clients’ accounts and placed the clients in unsuitable investments. The Ponist Law Group was able to successfully negotiate a settlement for $2.2 million on behalf of their clients.
The Ponist Law Group represented a commercial real estate brokerage company, its designated broker, and its agent in a dispute in which plaintiff real estate investors alleged fraud, breach of fiduciary duties and conduct falling below the standard of care. After a two-week trial, the Ponist Law Group obtained a complete defense verdict, absolving their clients of any wrongdoing.
In the matter of WA Southwest 2, LLC v. First American Title Ins. Co. (2015) 240 Cal.App.4th 148, investors in a real estate deal alleged that their broker had made material misrepresentations and committed fraud. Specifically, the investors alleged that their broker had represented that the property had been subjected to a thorough due diligence review and that the sales load would be less than 10%.
The Ponist Law Group represented a school serving special needs students against lessor attempting to terminate school’s lease.
A judge has ruled an Allied Gardens school, which caters to special needs students, will be able to stay at its location until 2021, despite objections from the San Diego Unified School District.
In May, Excelsior Academy filed a lawsuit against the SDUSD, claiming the district violated the terms of the school’s lease when it told administrators to vacate their location by March 2018.
The SDUSD sold the property to the Islamic School of San Diego for $2,775,000 in February.
“The reason the school district did not want Excelsior to stay in the property longer, as far as we understand it, is that they received a notice from the Islamic School of San Diego requesting that we be thrown out, or Excelsior be thrown out,” said Sean Ponist, the attorney for Excelsior.
This article discusses how real estate agents, brokers and sellers can minimize their liability for the unintentional disclosure of inaccurate information by attributing the source of the information.
This article discusses the recent Greenwich decision which has opened the door to the recovery of lost profits, but just slightly.
"In many transactions, the seller requires that the buyer pay earnest money in the form of a non-refundable deposit. The deposit is one way the buyer can communicate to the seller that he or she really means business.
"The law is clear that a party is entitled to seek equitable indemnity against negligence claims alleged against it. Similarly, the law is clear that a party is not entitled to indemnity against fraud, intentional torts and other torts for which the application of indemnity would violate public policy.
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- The Ponist Law Group Obtains a Complete Dismissal of Action on Behalf of Clients October 13, 2021