In Re: IH Riverdale

CONCLUDED

Hearing
04/15/09 – 04/15/09

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Summary

Background: Investor in apartment development sued prime developer and others, alleging breach of development agreement that gave investor right of first refusal to participate in “Phase II” of the development, and other claims.

The Superior Court, Fulton County, Johnson, J., entered summary judgment for prime developer on claim of breach of right of first refusal and denied investor's motion for summary judgment on certain profits distribution. Parties appealed.

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