A California retail developer claims the state's coronavirus lockdown was an act of God that prevented it from completing a $4.2 million property acquisition, asking a court to prevent owner Exxon Mobil Corp from selling to any other buyers.
- A California retail developer claims the state’s coronavirus lockdown was an act of God that prevented it from completing a $4.2 million property acquisition, asking a court to prevent owner Exxon Mobil Corp from selling to any other buyers.
Pacific Collective LLC invoked force majeure in its bid to delay an Exxon property acquisition, according to a suit filed in Los Angeles County Superior Court. The legal clause refers to unexpected events that prevent one party to a contract from meeting its obligations. The retail property developer’s lawsuit seeks $7.9 million in damages for alleged breach of contract and an injunction prohibiting Exxon from selling the property to someone else.
Exxon’s insistence on the scheduled closing required “acts that would qualify as crimes under the current California and County of LA Stay-at-Home Orders,” Pacific Collective’s complaint said.
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