Silverlake Park LLC v. Stewart Title Guaranty Company

I. INTRODUCTION & BACKGROUND

On March 30, 2017, plaintiff Silverlake Park, LLC (“Silverlake” or “plaintiff’) filed a complaint against defendant Stewart Title Guaranty Company (“Stewart” or “defendant’) in the Superior Court for the County of Los Angeles. Dkt. 1-3. On May 2, 2017, defendant removed the action to this Court. Dkt. 1. Plaintiff alleges claims for breach of fiduciary duty and negligence. Dkt. 26 at 6-8. Plaintiff alleges that it invested approximately $13,300,000 in a real estate transaction that were deposited on its behalf with Stewart acting as the escrow holder, but defendant, in its capacity as escrow holder, impermissibly released those funds to other parties. Dkt. 176 § 9; 71. Plaintiff alleges that those parties participated in a fraudulent scheme to obtain plaintiff's funds that was facilitated by the escrow arrangement. Id. § 82-102. The history and facts of this case are well-known to the parties and set forth in the Court’s October 2, 2017, order. See dkt. 38. On July 29, 2024, defendant filed the instant motion for summary judgment, dkt. 169, as well as supporting declarations in dkts. 170-171. Defendant concurrently filed a…