|
|
|
| First National Mortgage Company v. Federal Realty Investment Trust |
 |
First National Mortgage Company
|
|
|
|
| This dispute centered on the enforceability of a one-page letter dually executed at the height of the dot-com bubble setting forth a $31 million ground lease and option contract. Federal Realty Investment Trust – a multibillion-dollar real estate investment trust – argued that the ground lease was unenforceable, but the jury found that the parties intended the contract “be an enforceable agreement between them, regardless of whether they later agreed on a ‘formal agreement.’” After a bench trial on damages, on June 9, 2009 the court entered final judgment for our client, First National Mortgage, in the amount of $15.9 million plus costs. |
|
|
Select A Region
Search for an attorney.
