Real estate lawsuits filed in California claim that defendants misappropriated funds

Natomas, CAThe Natomas Unified School District recently filed a real estate lawsuit claiming that contracted developers asked for several million dollars more than what a piece of land was worth.

span itemprop="image" itemscope itemtype="https://schema.org/ImageObject" style="display:block">School board president Teri Burns told the Sacramento Bee that the district is seeking "$10.4 million that we overpaid for the land and, with that, all of the expenses" that were incurred and any other damages a jury saw fit to award. The district paid $13.3 million in total to two development firms in 2006 for a 46-acre property that was to be used for a new school building.

A state appraiser valued the land at roughly $2 million, according to the report, and malpractice attorneys have been retained by the district as two lawyers were named as co-defendants in the real estate lawsuit.