Government Contracts
Apr. 27, 2011
L.A. Seeks $182 Million from Developer
The city of Los Angeles filed a suit seeking $182 million in damages against an affordable housing developer, accusing the company of defrauding the city by dramatically inflating construction invoices to gain more municipal financial assistance.
Daily Journal Staff Writer
The city of Los Angeles filed a suit seeking $182 million in damages against an affordable housing developer, accusing the company of defrauding the city by dramatically inflating construction invoices.
Advanced Development Investment Inc. and related companies overstated building costs by up to 30 percent, according to the city's suit, filed Thursday. The Los Angeles-based developer sought...
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