05 Nov Brown White & Osborn LLP Prevails: Los Angeles Jury Finds Edward Biggs Liable for $8.9 Million For Fraud Involving Owners Of Three Manufactured Homes In His Pacific Palisades Mobile Home Park
P R E S S R E L E A S E
LOS ANGELES JURY FINDS EDWARD BIGGS LIABLE FOR $8.9 MILLION FOR FRAUD INVOLVING OWNERS OF THREE MANUFACTURED HOMES IN HIS PACIFIC PALISADES MOBILE HOME PARK
Los Angeles, CA, November 5, 2018. Attorney Tom Brown from Brown White & Osborn LLP announced a jury awarded $8,945,000 to two former residents of Pacific Palisades Bowl Mobile Estates and against Edward Biggs, Sr., Biggs Realty, Inc., and his three related Pacific Palisades Bowl Mobile Estates companies, of Fairfield, CA. The jury found that Biggs was liable for malice, oppression, or fraud; conversion of their homes; breach of contract; breach of the covenant of good faith and fair dealing; and fraudulent transfer of his $18 million in mobile home park assets. Biggs conceded during his testimony that he made multiple misrepresentations to his former residents, and made misrepresentations in order to get them to remove their homes so that he could build a new, luxurious Pacific Palisades Resort Homes development in Pacific Palisades and reap revenues of $170 million. His plans for the new resort community included replacing older homes and residents with mostly two-story luxury cottages valued at $1 million each in the 170-home community.
Biggs admitted that his Pacific Palisades Mobile Home Park was part of his real estate empire which included nine manufactured home parks throughout California and Nevada, a vineyard, a wine tasting room, an apartment complex, large tracts of land, and expensive homes valued at over $20 million. Biggs conceded his real estate empire was currently worth more than $145 million and he had a net worth of more than $81 million. The jury hit Biggs with an $8 million punitive damages award to punish Biggs for his fraud and to deter him from engaging in such fraudulent conduct in the future.
Biggs owns several manufactured home parks in Napa; Redding; Pacific Palisades; Carson City, Nevada; Stockton; Vallejo; and Santa Rosa. Biggs also owns homes located in Glenbrook, Nevada on the shores of Lake Tahoe; and two homes in Fairfield, California.
Brown White & Osborn LLP has offices in downtown Los Angeles and Redlands and has built a reputation as a leading litigation and trial law firm. For more information contact Tom Brown at [email protected] or 213-613-9494.