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Home / Opinion Digests / Tort – Business Tort – Joint Venture – Real Estate Flip Transaction (access required)

Tort – Business Tort – Joint Venture – Real Estate Flip Transaction (access required)

In this litigation over an alleged joint venture for the purpose of acquiring and "flipping" a 15-acre parcel in Loudoun County, the circuit court finds that plaintiff Shoukat "Chuck" Qureshi proved he was a participant in the joint venture, and the court awards Qureshi compensatory damages of $264,819.66 with prejudgment interest, and $75,000 in punitive ...