12 condominium owners filed a lawsuit last Monday after the Providence Point condo development in Johnston was foreclosed. The lawsuit alleges that Brent Haverkamp, owner of Haverkamp properties, including the Providence Point condominium complex, and Two Rivers Bank and Trust committed breach of contract and breach of fiduciary duty.
The foreclosure and lawsuit came after the condo’s original owner, Regency Homes, was unable to continue running the complex in April 2008. Haverkamp took control of the Providence Point property and converted it into an apartment complex. Two Rivers provided development loans and financing. Since Haverkamp became owner, residents at Providence Point have been unable to refinance their mortgages because of Federal National Home Mortgage regulations.
Contact the Des Moines contract lawyers of LaMarca Law Group, P.C. at (877) 327-2600 today, if you or someone you know has been the victim of breach of contract or another contract dispute in Des Moines.
Gary Kirke and Bill Van Orsdel, friends since childhood and long-time business partners, are engaging in a business dispute lawsuit over the West Glen Town Center. The town center, located in West Des Moines, has been struggling with debt and property vacancies.
The two entrepreneurs formed Kirke Van Orsdel Insurance Agency in Des Moines in 1974. Their business grew to include 10 regional offices and more than 10,000 clients. After the town center started struggling, Kirke and Van Orsdel began to realize that they weren’t seeing eye to eye one how it should be managed.
Kirke sued Van Orsdel after a year of fighting over the property. The lawsuit alleges that Van Orsdel committed breach of contract, fraudulent nondisclosure, conversion of company resources into his own and unjust enrichment. Van Orsdel insists that Kirke’s allegations are “replete with half truths, mischaracterizations, and outright falsehoods.”
To discuss the best way to approach a business dispute in Des Moines with an experienced business attorney, contact the Des Moines business dispute lawyers of LaMarca Law Group, P.C. at (877) 327-2600 today.