Mrs. B continued to live in her family home in Bel Air next to the iconic “Playboy Mansion” for many years after her husband died and her children had moved away.
When she decided to sell, she entered into a sales contract for $10.8 million. When the Buyer failed to perform and failed to release the contract contingencies, Mrs. B demanded cancellation of the transaction.
The Buyer agreed to cancel escrow in order to trigger a return of their purchase deposit, but refused to terminate the purchase agreement itself so that he could sue for “specific performance” to force a sale of the home.
Over the next two years, the Buyer engaged in extremely aggressive and protracted litigation tactics including 8 deposition sessions of Mrs. B alone, and a total of 29 different depositions.
After a two and a half week trial, the jury returned a defense verdict in favor of Mrs. B. The Buyer (who claimed to have spent over $1 million in attorney’s fees in prosecuting his suit with his team of lawyers) recovered nothing and was forced to reimburse Mrs. B for the substantial legal fees and costs she had incurred in her defense.