Paul Hastings Represents Krikorian Premiere Theatres in $16 Million Civil Lawsuit Victory

May 03, 2006

Paul Hastings Represents Krikorian Premiere Theatres in $16 Million Civil Lawsuit Victory

Orange County, CA (May 3, 2006) – Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, obtained a $16 million civil lawsuit verdict on behalf of Krikorian Premiere Theatres (KPT), a California-based operator of high end movie theaters. The jury verdict was issued on May 2, 2006 against defendant Westminster Central, LLC, a development company that owns and oversaw the redevelopment of the Riverside Plaza, a shopping center located in Riverside, CA. Westminster had agreed to place a KPT-operated theatre on its property. Under the lease contract, KPT expects to receive a total recovery in excess of $18 million after additional costs and fees are covered as prevailing party.
The jury agreed with KPT that Westminster did not “pursue with reasonable diligence” the lease agreement’s three key criteria, which included obtaining entitlements and permits for the new redevelopment plan; attaining approvals from existing tenants regarding site plan change for the center; and relocating two existing tenants.
The Paul Hastings team, led by Orange County partner Glenn Dassoff, also included of counsel William Schofield and associate Scott Sims.

Litigation Practice: The Paul Hastings Litigation Department provides premier litigation services to clients facing complex legal issues in the U.S., Europe and Asia. With more than 220 lawyers in the Litigation Department, in addition to 150 litigators in the Employment Department, Paul Hastings is well positioned to handle all aspects of a client’s litigation needs. Our sophisticated litigation practice covers every major practice including securities, intellectual property, class action and employment litigation, international arbitration, and white collar crime. The Litigation Department has an impressive track record of winning large and difficult cases.

About Krikorian Premiere Theatres: One of the world’s grandest theatrical exhibition companies, Krikorian Premiere Theatres is a leader in modern yet elegantly refined megaplex-style theatres. Seven locations exist in and around the Los Angeles and San Diego metro areas.

Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,000 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.

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