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Real Property Law - PROCEEDINGS - Appeals and judicial review - Practice and procedure - Evidence

Thursday, January 19, 2017 @ 7:00 PM  

Appeal by the plaintiffs from a judgment valuing disputed development lands. In 2005, the parties acquired a tract of land pursuant to a joint venture agreement that contemplated subdivision and development. By 2011, disagreements between the parties led to one of the defendants withdrawing from the venture. In 2012, during appraisal of the lands to facilitate unwinding of the joint venture, a prospective buyer offered $40 million to purchase the lands. The plaintiffs did not disclose the offer and did not pursue the sale. Litigation ensued....