Kyle Withers, litigation partner at Lubin Olson & Niewiadomski LLP, was quoted in several publications, including the Wall Street Journal, the San Francisco Chronicle, the San Francisco Business Times, and the Real Deal, relating to news coverage of the Firm’s $50 million arbitration victory on behalf of investors in a real estate fund managed by Gregory Malin of Troon Pacific. The Wall Street Journal article, which was subtitled “A San Francisco developer has been ordered to pay more than $50 million to investors who alleged he misused and mismanaged their money,” appeared online on May 10, 2024 and in the print edition on May 17, 2024. The article states: “Kyle Withers, an attorney for investors in four of Troon’s developments, said in a statement that Malin is clinging to a ‘false narrative’ that has been rejected by the arbitrator. … Malin sent quarterly reports that painted a ‘rosy picture’ of Troon’s projects, said Withers. But construction deadlines and projected sales dates were repeatedly extended. … Eventually, investors in the four projects demanded a look at Troon’s books, and what they saw concerned them, Withers said. ‘The underlying financials tipped them off to the unfortunate reality, including that Malin had been taking millions of dollars in previously undisclosed fees,’ Withers said.”
Related Attorneys