An

An v. Kwon CA2/1

Good Law
Court of Appeal of CaliforniaJune 24, 2014B242530California3,840 words

Opinion

Opinion

BACKGROUND

A. The parties and a brief overview of their contentions Plaintiff and appellant Albert An, M.D. (Dr. An) is a medical doctor whose office was in “the Harvard building.” He had financial problems and needed money. In 2000 a friend introduced Dr. An to defendant, respondent and cross-complainant Il Yoon Kwon in hopes Kwon would lend money to Dr. An. Dr. An asked Kwon for money and Kwon offered to lend it. They briefly discussed going into business together or Kwon investing in Dr. An’s medical practice, with Kwon becoming a partner in Dr. An’s medical practice and supplying funds to operate it. Shortly thereafter, Dr. An told Kwon his parents had advised against going into business with Kwon and Dr. An returned a sum of money Kwon had given him in connection with the plan to go into business. The parties agree that after this Kwon loaned money to Dr. An. Kwon contends he loaned $845,000 and later invested another sum of about $200,000 with Dr. An. Dr. An concedes Kwon “gave” him approximately $1 million and that Dr. An never paid anything back. Dr. An contends, however, the bulk of the money constituted investments by Kwon in a business with Dr. An. After lending Dr. An…

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