PHOENIX-One of the Valley’s largest development companies has been ordered to pay a $28.6-million settlement, as a result of a suit from a Wisconsin car dealer.

SunCor Development Co., the development division of Phoenix-based Pinnacle West Capital Corp., has been ordered to pay $28.6 million in damages to Wisconsin car dealer Bergstrom Automotive. The auto dealer won just over $2.88 million in actual damages and $25.76 million in punitive damages in the jury trial that was held in Maricopa County Superior Court.

SunCor Development officials say that they plan to ask the judge to set aside the verdict and, if that move fails, will an appeal to the state Court of Appeals.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.