Weyand Law Firm Reveals Possibility Of 2018 Fraud Trial

The firm is representing a small group of homeowners at 19 Millenium Tower in a lawsuit against developers, reports wynlaw.com.

San Francisco, CA – November 14, 2017 /MarketersMedia/ —

Based upon a recent court hearing, a group of 19 Millennium Towers homeowners represented by Alexander M. Weyand at the Weyand Law Firm expects their fraud claims against the developers may go to trial in 2018.

“Our clients feel utterly betrayed by the developers,” said Alex Weyand, the Real Estate Litigation attorney at the helm of Weyand Law Firm. “There are serious losses here. The developers need to step up, stop trying to pass the buck and start doing the right thing for these folks.”

The lawsuit is the latest by homeowners stunned to find their condo units have lost much of their worth in a city that has always been famous for their skyrocketing values. In the complaint filed by Weyand, the homeowners single out the developers for allegedly failing to disclose knowledge that the Millennium Tower was settling and tilting. The homeowners say they would have never bought condos in the building if they had known what the developers purportedly knew about the impending damage.

This group of frustrated homeowners also point to the Transbay Joint Powers Authority along with the City and County of San Francisco and seek to recover alleged diminution in value to the condo units arising from the nearby construction of the new transit center. The digging for the $2.4 billion Transbay bus and rail hub is said to have played a role in the sinking and tilting the building has endured.

The multimillion-dollar, 58 stories Millennium Tower has sunk approximately 17 inches and tilted 15 inches since its completion in 2008.

The lawsuit seeks millions in damages.

About Weyand Law Firm:

Weyand Law Firm, a Professional Corporation, is a leading Real Estate and Business Litigation Firm in the San Francisco Bay Area. The firm was founded by Alex Weyand. Past accomplishments include winning a unanimous jury verdict for a couple trying to make a home for their family in the first Ellis Act jury trial according to the San Francisco Chronicle; Weyand also won a six-figure inverse condemnation jury verdict against Caltrans in a rural county over less than 39 acres of raw land. Additionally, he recently won a rescission matter on appeal which was listed by a leading legal periodical as one of the 2015’s Top Ten Real Estate Cases in California.

Contact Info:
Name: Alexander Weyand
Email: info@wynlaw.com
Organization: Weyand Law Firm
Address: 540 Pacific Ave. San Francisco, CA 94133
Phone: +1 (415) 536-2800

Source URL: https://marketersmedia.com/weyand-law-firm-reveals-possibility-of-2018-fraud-trial/264062

For more information, please visit http://wynlaw.com/

Source: MarketersMedia

Release ID: 264062