Sapp

Background The Sapp parties filed an unlimited civil action in the Los Angeles Superior Court, No. BC536146. Their March 5, 2014, first amended complaint alleges claims against individual defendants Gwendolyn Triplett and Latonya Higgins, against San Pedro Townhouses #1, Inc., a stock cooperative housing program sponsored by the federal Department of Housing and Urban Development (the Association), and against Exusia Investment Company, LLC (Exusia).1 The pleading alleges breach of fiduciary duty, fraud and intentional misrepresentation, negligent misrepresentation, and conversion, seeking an accounting, preliminary and permanent injunction, and declaratory relief (against the individual defendants and the Association), and quiet title and cancellation of instruments against Exusia. Triplett and Higgins, acting as the Association’s board of directors, are alleged to have converted and misappropriated Association income and assets, fraudulently misrepresenting to others that they individually owned each of the units within the Association including the units owned by the petitioners, and

1 The Association is alleged to have been incorporated on February 29, 1972, under…