Arbitration, Real Estate and Construction Litigation
LDSR CLIENT OBTAINS $3.8 MILLION JUDGMENT IN CONSTRUCTION DISPUTE
LDSR was retained by LCL Stillwater Development, LLC, the owner of a student housing apartment project in Stillwater, Oklahoma, to defend and pursue claims in arbitration against the general contractor on the project and the project’s surety. LDSR partners Alan Loewinsohn and Craig Simon, and associate Jennifer Barall, tried the case for two weeks before a three-member AAA arbitration tribunal. LDSR’s client defeated the contractor’s wrongful termination claim and obtained an arbitration award of more than $3.8 million jointly against the contractor and the surety for the contractor’s breach of the construction contract. The arbitration award was confirmed, and the resulting judgment was paid in full.