Zakaryan

BACKGROUND

A. The complaint On June 17, 2010, Zakaryan filed a complaint against Assuied and Grand, alleging causes of action for breach of contract, breach of the implied covenant of good faith and fair dealing, intentional misrepresentation, negligent misrepresentation, and conversion. The complaint alleged that Assuied and Grand were agents and alter egos of each other. Prior to June 17, 2008, Zakaryan had rented commercial real property located at 3113 South Grand Avenue in Los Angeles (the Property) for the manufacture and sale of wholesale garments. The Property was an asset of “the 1996 Revocable Living Trust.” George Cercedes was the trustee of the trust, acting as the landlord of the Property (Seller). Zakaryan knew Assuied from prior business dealings. Assuied informed Zakaryan that he was interested in purchasing the Property for $1 million and discussed with him Zakaryan‟s existing relationship with Seller. Assuied and Zakaryan orally

2 agreed that Zakaryan would be entitled to a $40,000 finder‟s fee “if Zakaryan would bring together the Landlord/Seller and Defendants with a price of $1,000,000.” Zakaryan “procured Landlord/Seller for Defendants on the terms…