Toranji v. Lim CA4/3
Plaintiffs Shafar Toranji and his wife Firoozeh Arghavani (collectively plaintiffs) sued defendants Chris Sungduk Lim, Justin Jinhyong Bae, and Best 4U, Inc. (collectively defendants) after Lim, their real estate broker, failed to timely communicate a competing and ultimately successful offer to purchase a home in Newport Coast. Following a bench trial, the trial court entered judgment that awarded plaintiffs $409,846 in damages for that omission; the court’s damages determination was based on the difference between the property’s fair market value ($2,659,846) and the amount the court found plaintiffs would have paid for the property ($2.25 million).
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