Bourque v. Cape Southport Associates, LLC
Massachusetts Appeals Court
1Opinion of the CourtCowin, J.
Unable to close on a planned acquisition of a real estate development project in Mashpee, thereby suffering the loss of a deposit of $1.5 million, the buyer, SOP Acquisition Corp. (SOP), alleged that the seller, the defendant Cape South-port Associates, LLC (CSA), had improperly withheld information necessary to calculate the purchase price, and SOP demanded arbitration pursuant to a provision of the purchase and sale agreement. The arbitration was conducted, and an arbitrator concluded that the defendant had accurately calculated the purchase price and that SOP had breached the purchase and…
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