Enerdyne Corporation v. Wm. Lyon Development Co., Inc., and Panorama Company, Inc., Intervenor-Appellant

BARRETT, Circuit Judge.

Enerdyne Corporation (Enerdyne) brought this suit against William Lyon Development Company (Lyon) for damages, alleging wrongful termination and breach of a written contract to purchase land. The trial court granted Lyon’s Motion to Dismiss. The Court also dismissed Panorama Company’s (Panorama) intervenor action for a brokerage commission. The Court held that a firm commitment from the FHA guaranteeing an insurable mortgage in the amount of $2,561,000 by Enerdyne was a condition precedent to a valid and binding contract and that Enerdyne failed to perform the condition…