The Silicon Valley billionaires have won a court battle against landowners they accused of conspiring to inflate property prices. The landowners were sued for $510 million in damages for violating federal antitrust law. Some ranchers have reached settlements with the billionaires.
The Silicon Valley billionaires trying to build a utopian city in Solano County scored a major win in court against landowners they accused of conspiring to inflate the prices of their properties. In May last year, the project’s real estate arm Flannery Associates sued dozens of landowners for $510 million in damages, claiming that through “endless greed” they worked together to jack up sale prices for their property in violation of federal antitrust law .
A number of the ranchers have reached settlements with Flannery, which has already spent more than $800 million on land. On Friday, Judge Troy Nunley in Sacramento U.S
Silicon Valley Billionaires Court Battle Landowners Price Inflation Property Prices Damages Federal Antitrust Law Settlements
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Incredible new deal slashes up to $510 off the Pixel 7 Pro's original priceAdrian, a mobile technology enthusiast since the Nokia 3310 era, has been a dynamic presence in the tech journalism field, contributing to Android Authority, Digital Trends, and Pocketnow before joining PhoneArena in 2018. His expertise spans across various platforms, with a particular fondness for the diversity of the Android ecosystem.
Les mer »
Silicon Valley billionaires planning Solano County ‘California Forever’ utopia score big win in $510 million fight against farmersTheir plan has drawn nationwide attention and sparked vociferous debate in California over whether the ultra-rich should be building cities, and whether agricultural land should be sacrificed for h…
Les mer »
Silicon Valley office market starts to stabilize — yet vacancies persistThe office market in the South Bay showed signs of stabilizing in a big way during the first three months of 2024.
Les mer »
Sen. JD Vance's Silicon Valley network bankrolling his Midwest mission to dump vulnerable DemGOP Sen. JD Vance of Ohio is putting his contacts in the tech industry and Silicon Valley to work on behalf of fellow Republicans running in the 2024 elections, including former President Trump.
Les mer »
New blood test developed by Silicon Valley-based group screens for colon cancerMore than 53,000 Americans are expected to die from colon cancer this year. Even more alarming is that the number of deaths has increased among people under the age of 50.
Les mer »
‘We’re in this fight together’: Silicon Valley tech janitors rally for better working conditionsMore than 200 janitors working at Silicon Valley’s largest businesses rallied for better working conditions.
Les mer »