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Nov. 6, 2023

Construction firm, investor spar over project lender

Asking a question worthy of Sherlock Holmes’ “curious incident of the dog in the nighttime,” attorneys argued over whether someone should have investigated a substantial building project not having a listed lender.

LOS ANGELES — Counsel for an investment firm and a major construction company argued in court over whether a separate construction company acted in good faith in relying on representations that the project had no lender.

Counsel for investment firm L.A. Downtown Investment LP, which claims to be the intended lender on the project, argued Thursday in Superior Court that Webcor Construction LP should have investigated the unusual circumstanc...

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