Hand Arendall's O'Rear Wins $12.7 Million Verdict in Case Against Colonial Properties Trust and Three Affiliated Companies

Monday, Feb 4th, 2013

Caine O'Rear, an attorney in Hand Arendall's Mobile office represented New York based SM Traditions in a fraud and breach of fiduciary duty lawsuit arising out of SM Traditions' investment as a partner of Colonial Properties Trust in an apartment complex project in Gulf Shores, Alabama called Colonial Grand at Traditions.

The jury returned a verdict in favor of SM Traditions for $6.7 million in compensatory damages and $6 million in punitive damages.

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