Hopkins & Carley | November 25, 2014 Construction lenders often go to great lengths to ensure their deeds of trust have priority over mechanic’s liens. Typically, as part of the construction loan process, general contractors are asked to sign documents consenting to the owner’s assignment of the construction contract to the lender. According to a… Continue reading A Cautionary Tale for General Contractors
California Court Holds Mechanic’s Lien Claimants Entitled to Pre-Judgment Interest of 7 Percent, Not 10 Percent, Against Non-Contracting Property Owners
Traub Lieberman Straus & Shrewsberry LLP | November 20, 2014 Under California Civil Code (CC) Section 3289, a mechanic’s lien claimant may obtain pre-judgment interest against contracting property owners calculated at 10 percent per annum from the date of breach. In Palomar Grading & Paving, Inc. v. Wells Fargo Bank, N.A., et al. (2014) 230… Continue reading California Court Holds Mechanic’s Lien Claimants Entitled to Pre-Judgment Interest of 7 Percent, Not 10 Percent, Against Non-Contracting Property Owners
Water Damage Occurring Over Several Year Period Can Be “Occurrence” Covered Under Insurance Policy — Part 2
Shaun Marker | Property Insurance Coverage Law Blog | December 8, 2014 As a follow up to the November 24, 2014 post titled, Water Damage Occurring Over Several Year Period Can Be “Occurrence” Covered Under Insurance Policy, Chubb has apparently filed a motion for rehearing. Recall this is the case where progressive water damage occurring over… Continue reading Water Damage Occurring Over Several Year Period Can Be “Occurrence” Covered Under Insurance Policy — Part 2
The Irony of Defamation Lawsuits – Construction Edition
Stanley A. Martin | Duane Morris LLP | November 14, 2014 There is a certain irony in any defamation lawsuit, which is a public request for redress arising from a statement the claimant says should not have been made public. Now we have the construction version. Company A sues Company B, claiming statements of B… Continue reading The Irony of Defamation Lawsuits – Construction Edition