Agcon
Agcon v. Cornerstone Financial CA4/2
Opinion
Opinion
I.
INTRODUCTION
Agcon, Inc. sold a parcel of vacant land in the City of Adelanto (the City) to
Industrial Integrity Solutions, LLC (IIS). A few months later, the City rezoned the land to
allow cannabis cultivation on it, which significantly increased its value.
Agcon then sued respondents for various fraud-based claims premised on the 1 argument that respondents’ broker, Daniel C. Pocius, knew that the City planned on
rezoning the land, but he intentionally withheld that information from Agcon to get a
better deal. Agcon claimed that, by doing so, Pocius violated duties imposed under Civil
Code section 2079.16 (section 2079.16). At the beginning of trial, Agcon argued that
respondents also violated the purchase agreement for the land, but the trial court
precluded Agcon from making that argument at trial on the ground that Agcon had not
timely asserted it and instead had consistently stated its case was based on section
2079.16 alone.
After Agcon rested its case at trial, respondents moved for nonsuit on the grounds
that Pocius did not violate section 2079.16. The trial court agreed and granted the
motion. Later, the trial court partially granted Agcon’s motion to…