Peterson, Martin & Reynolds LLP Obtains $2+ Million Settlement for Commercial Landlord Client
In January, 2020, Peterson, Martin & Reynolds LLP obtained a settlement for a commercial real estate client for $2,103,745. PMR’s client had leased a 31,320 square foot biotech facility in Foster City, CA for 10 years to a leading international biotech company. When the biotech company moved out, it failed to properly restore the premises, which delayed and interfered with the client’s ability to re-lease the premises. The lawyers of Peterson, Martin & Reynolds LLP sued on behalf of their commercial landlord client. After protracted litigation, including two unsuccessful appeals by the biotech company lawyers, the biotech company settled the case before the scheduled February, 2020 trial.