KNOW YOUR RIGHTS
Fraud, Deceit, Misrepresentation:
Persons are entitled to receive compensation for their
losses that resulted from the Fraud, Deceit or Misrepresentation
of defendants.
There are many subtle varieties of fraud, deceit and
misrepresentation, because courts require the plaintiff
to plead the falsity in very specific terms. Only economic
and not emotional distress damages are usually recoverable
in these cases. However, at the same time, punitive damages
are generally recoverable without additional proof because
the fraud, etc., already involves wilful misconduct by
the defendant.
Defendants foreclosed on a new hill top home under a
deed of trust, claiming that they had funded a loan for
$175,000.00 in part with $85,000.00 in cash payments.
The $85,000.00 in cash payments were denied by plaintiffs
and were economically improbable under the terms of the
loan. Decision: $1,108,000.00 compensatory damages; additional
punitive damages pending. Martin v. Private Investors
Financing, No. BC 217022, Los Angeles Superior Court.
Defendants told a Singapore manufacturer that defendants
owned the patent rights to a new technology machine that
pulled inexpensive, clean water from the air, but failed
to disclose that their “assignments” of those
rights had admittedly been backdated several years, causing
the Singapore manufacturer to renegotiate their $5,000.000.00
contract with the plaintiffs. Pending . . .