Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-1_02-cv-05200/USCOURTS-caed-1_02-cv-05200-3/pdf.json

Nature of Suit Code: 190
Nature of Suit: Other Contract Actions
Cause of Action: 28:1332 Diversity-Account Receivable

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UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF CALIFORNIA

FLAGSHIP WEST, LLC, MARVIN G.

REICHE, and KATHLEEN REICHE,

 Plaintiffs,

 v. 

EXCEL REALTY PARTNERS L.P., et al., 

 Defendants.

1:02-CV-05200 OWW DLB

JUDGMENT

On December 3, 2003, a jury returned verdicts in favor of

Plaintiffs, awarding Plaintiffs $1,480,740 in contract damages. 

Plaintiffs then elected the remedy of rescission and

consequential damages. The district court determined in its

Memorandum Decision and Order Re: Post-Trial Election of

Remedies, dated September 30, 2005, that Plaintiffs were entitled

to rescission and consequential damages, the amount of which is

set forth in the district court’s Memorandum Decision Re:

Rescission Damages and Availability of Prejudgment Interest,

dated November 14, 2006, and previous orders.

JUDGMENT IS ENTERED AS FOLLOWS:

1. The Ground Lease (“Lease”) entered into between

Plaintiffs and Defendant, EXCEL REALTY PARTNERS L.P., (attached

as Exhibit B to Plaintiffs’ Second Amended Complaint), signed by

the individual Plaintiffs as guarantors in their individual

Case 1:02-cv-05200-LJO-SAB Document 390 Filed 12/14/06 Page 1 of 2
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capacities to pay rent and perform all covenants is rescinded

from its date of execution, and such Lease shall have no future

force and effect, as if all Plaintiffs and Defendants had not

entered into and executed the Lease; 

2. Plaintiffs FLAGSHIP WEST LLC, MARVIN G. REICHE, and

KATHLEEN REICHE, and each of them, are awarded $2,598,151 for

damages in rescission and consequential damages resulting from

Defendants’ breach of contract, minus credits due Defendants in

the amount of $455,976, and therefore shall recover from

Defendants, EXCEL REALTY PARTNERS L.P., in the amount of

$2,142,175;

3. Judgment as a matter of law was entered in favor of

defendant NEW PLAN EXCEL REALTY TRUST, INC., and against

Plaintiffs, on November 23, 2003;

4. Plaintiffs shall recover their costs as allowed by law

upon filing of a Cost Bill as provided in Rule 54-292 of this

Court;

5. Any motion for attorney’s fees shall be filed as

provided in Local Rule 54-293 of this court. 

IT IS SO ORDERED.

Dated: December 11, 2006 /s/ Oliver W. Wanger 

b2e55c UNITED STATES DISTRICT JUDGE

Case 1:02-cv-05200-LJO-SAB Document 390 Filed 12/14/06 Page 2 of 2