A failed guarantee on a failed Costa Rican real estate venture was the key document for a Fulton County State Court jury’s consideration in a recent legal malpractice case; Eli Peretz and Dr. Nick Gabbay v. S. Alan Cohn et al. (12EV015232). In 2008, plaintiffs Peretz and Dr. Gabbay loaned $1.5 million to a company that planned to use the money to develop a resort in Costa Rica. However, following the economic downturn later that year, the development failed and the loan was never repaid.

Atlanta, GA—A Fulton County State Court jury awarded over $1.5 million to two men who lost their entire investment in a failed Costa Rican resort real estate venture and then brought a legal malpractice action against their real estate attorney. Eli Peretz et al. v. S. Alan Cohn et al. (12EV015232).