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Property owner sues for breach of fiduciary duty, RICO after settlement
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Court Report
Wednesday, May 23, 2018
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After an undisclosed first lien holder on property purchased in Astoria, Ore., foreclosed on the property and requested he vacate the property, the property owner had no interest in getting title to the property. However, he got the property back in a global settlement of two suits involving the property, which his underwriters negotiated on his behalf. After receiving title to the property, he sued his underwriters for fraud, breach of fiduciary duty and violations of the Oregon Racketeering Influence and Corrupt Practices Act. Read on for more details.
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