Lee Pacific Properties, Inc. v. Century Pacific Equity Corp.

This appeal pertains to the interpretation of a settlement agreement. The subject of the agreement was the parties’ interests and obligations in certain limited partnerships that owned low-income housing projects insured by the Department of Housing and Urban Development (HUD), as well as their interests and obligations in the housing projects themselves. Plaintiffs brought suit, claiming that defendants had breached certain terms of the settlement agreement; defendants counterclaimed that plaintiffs had also breached the settlement agreement. The main issue in both the claims and…