Litigation
Feb. 25, 2015
State settles lawsuit by developers after dropping plan to sell property
The state will pay $24 million to settle a lawsuit brought by private investors whose plans to buy 11 government-owned parcels went awry after Gov. Jerry Brown yanked the deal to sell the property for $2.3 billion.
Daily Journal Staff Writer
The state will pay $24 million to settle a lawsuit brought by private investors whose plans to buy 11 government-owned parcels went awry after Gov. Jerry Brown yanked the deal to sell the properties for $2.3 billion.
The settlement, announced Sunday, closes out a San Francisco County Superior Court lawsuit that originated from critics who saw the deal as a way for the state to make a quick buck witho...
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