Fri, Nov 22, 2019 –Kabateck LLP attorneys representing hundreds of low-income mobile home residents in Long Beach, CA secured a nearly $57 million settlement, which is the largest settlement ever involving a mobile home park.
A bankruptcy judge approved a $42.5 million settlement for 151 families who filed lawsuits against the defendants, Michael Scott and Lee Kort. Those plaintiffs obtained $6.9 million paid from prior settlements.
As part of the settlement agreement, the mobile home park will be sold and a substantial portion of the proceeds of that sale, at least $7 million, will be divided between many of the residents, even those who are not part of the litigation.
Do not sign any documents from Sierra Corporate Management, seek immediate professional and/or legal advice. You must review all documents from Sierra Corporate Management (SCM) with a knowledgeable representative. All documents to be signed by residents must be reviewed by an experienced SCM forensic document specialist. DO NOT sign a long-term lease! As soon as you sign a lease agreement greater than one (1) year, you have waived your rights to any current and/or future rent control ordinances that may be in force or enacted. You have thirty (30) days to review the lease – and you have options – see the Information panel.