California Appellate Court Rules for HOA in Disclosure Case

The Second District Court of Appeals has ruled that an HOA did not have to disclose to owners that it had filed a lawsuit against its insurance carrier. The plaintiff sold his condo before he found out about the lawsuit, and when the suit settled for $20 million the new owner of plaintiff's unit got a payment of $180,000. Not bad for a unit they bought for $53,500, eh? Read the whole thing here.