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Failure to disclose water seepage and mold in a California home sale results in $2.7 million judgment against seller

The Associated Press, Oct. 5, 2012

LOS ANGELES -- A former Los Angeles Lakers coach has been ordered to pay more than $2.7 million for failing to disclose water seepage and mold in the Pacific Palisades home sold to a money manager in 2007.

City News Service reports a Los Angeles Superior Court panel found Friday that Rudy Tomjanovich and his wife acted with malice toward Steven Bardack, the founder of Strata Capital.

A second phase is set to begin Tuesday to determine if Bardack should be awarded punitive damages.

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