In Krikorian Premiere Theatres LLC v. Westminster Central LLC, 2011 DJDAR 4363 (2011), the California Fourth District Court of Appeal reversed a $22 million judgment against Westminster Central LLC and in favor of Krikorian Premiere Theaters LLC.
The appellate court found that under the parties’ lease agreement, and the “sole remedy” clause contained in that agreement, plaintiff’s recovery was limited to the reimbursement of its architectural fees, a tiny fraction of the gross sum of the judgment. The court also awarded Westminster costs on appeal.
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