Jay
Jay v. Mahaffey
Opinion
Opinion
Moore, J.
FACTS
A. Background At all times relevant, JR was a real estate and development company that owned and leased property in Orange and San Bernardino Counties. JR Capital Group, LLC (JR Capital) was JR‟s sole general partner. JR had many limited partners (more than 50) who were characterized by JR as passive investors. JR, as lessee, was the successor in interest to a long-term ground lease in Anaheim that is not due to expire for another 50 years. The property, since the 1960‟s, has been operated as a mobilehome park. At some point, the Lawrences became the property‟s owners as successors in interest to the original owner and lessor. Michael5 was apparently unhappy with the lease‟s terms, and expressed his desire to sell and redevelop the property, which was impossible because of the long-term lease. In 2007, Michael began to look for ways to end the lease. He offered JR‟s president, John Spiezia, a personal seven-figure payment if Spiezia would work with him to end the lease. He contacted one of the limited partners, Diane Rochelle, and through her attorney attempted to obtain contact information for the limited partners to organize them against Spiezia and JR. Michael also tried…