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LUXURY ASSET LENDING, LLC v. PHILADELPHIA TELEVISION NETWORK, INC.

No. G057766.

56 Cal.App.5th 894 (2020)

270 Cal. Rptr. 3d 724

LUXURY ASSET LENDING, LLC, Plaintiff and Respondent, v. PHILADELPHIA TELEVISION NETWORK, INC., Defendant and Appellant.

Court of Appeals of California, Fourth District, Division Three.

October 29, 2020.

Attorney(s) appearing for the Case

Isaacs Clouse Crose & Oxford and John A. Crose, Jr. , for Defendant and Appellant.

Law Offices of Stuart A. Katz and Stuart A. Katz for Plaintiff and Respondent.

OPINION

INTRODUCTION

Two powerful friends decided to take out significant loans in order to invest in a purported business opportunity overseas. The opportunity, by all accounts, was a complete bust and the friends were unable to pay the loans back. The lender sued to collect what was owed and...

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