Hermosa Terrace Limited v. Torrey Pines Property Management
Plaintiffs, owners of four apartment complexes in San Diego, sued their property management company, Torrey Pines Property Management, Inc. (Torrey Pines), for breach of contract, breach of fiduciary duty, conversion and for an accounting. After a bench trial, the trial court found in favor of Torrey Pines on all claims. Plaintiffs appeal, contending the trial court misconstrued the governing agreement and erroneously concluded that Torrey Pines owed them no fiduciary duty. They also assert the trial court abused its discretion by not ordering an accounting, thereby preventing them from proving their conversion cause of action. Court reject Plaintiffs' contentions and affirm the judgment
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