On June 2, 2020, Pine Glen agreed to purchase lands from Rolling Meadows for $4,466,000, with terms allowing price adjustments and early completion on a lot-by-lot basis.
After amending the agreement, the purchase price increased to $6,148,000. However, a dispute over a Cooperation Agreement and the final purchase price ($7,863,822 claimed by Rolling Meadows) arose.
Pine Glen initiated legal action for declaration on the purchase price and the mandatory signing of the Cooperation Agreement, which it later abandoned.
Rolling Meadows filed a counter-application claiming breach of the agreement by Pine Glen.
Justice Edwards ruled the agreement enforceable, and the transaction completed on October 12, 2022, for $6,148,000.
Pine Glen subsequently filed a lawsuit seeking $5,000,000 in damages, plus additional punitive damages.
Issues/Main Discussion:
The case revolves around multiple causes of action alleged by Pine Glen against Rolling Meadows and Glen Gordon, including breach of contract, inducement of breach of contract, and others.
The court assessed the validity of each cause of action, focusing on whether Pine Glen sufficiently pleaded the necessary elements to establish reasonable claims.
Ruling:
The court struck down all nine causes of action filed by Pine Glen for lack of reasonable grounds and dismissed the action without leave to amend, indicating that no viable cause of action could be established based on the facts as alleged. Amount of costs not specified in this case.
