Silverlake Park LLC v. Stewart Title Guaranty Company
Opinion
Trial Court Opinion
I. INTRODUCTION & BACKGROUND
The history and facts of this case are well-known to the parties and set forth in the Court’s October 2, 2017 and October 1, 2024 orders. See dkts. 38, 183. On March 30, 2017, plaintiff Silverlake Park, LLC (“Silverlake” or “plaintiff’) filed a complaint against defendant Stewart Title Guaranty Company (“Stewart”) in the Superior Court for the County of Los Angeles. Dkt. 1-3. On May 2, 2017, Stewart removed the action to this Court. Dkt. 1. On August 21, 2017, plaintiff filed its first amended complaint, the operative complaint before the Court. Dkt. 26. Plaintiff alleges claims for breach of fiduciary duty and negligence. Id. 31-32. 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. Id. § 18. Plaintiff further alleges that Stewart impermissibly released those funds to entities not authorized to receive the funds. Id. {] 27-29, 31-33. Plaintiff alleges that those entities to whom the funds were released participated in a