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Clarifying Our Settlement with Santa Monica City
March 6, 2014
Wilshire Skyline provides the following information about the settlement in response to the above-mentioned press releases.
It was never Wilshire Skyline’s intent to inconvenience these tenants or otherwise give them the impression that they are not welcome to stay in their homes.
To the contrary, Wilshire Skyline was attempting to improve conditions at a building which had not been upgraded in many years. Wilshire Skyline was also attempting to institute a more professional property management structure.
While Wilshire Skyline denies all of the allegations made by these four tenants, it voluntarily elected to work cooperatively with the City Attorney’s office, LAFLA and Gibson Dunn in order to reach an amicable resolution.
While Wilshire Skyline’s confident it would have prevailed in any legal action commenced by the City, LAFLA and/or Gibson Dunn, settlement was more prudent from a business standpoint than potential protracted and expensive litigation could have been.
Finally and most importantly, Wilshire Skyline has enjoyed working with the City, LAFLA and Gibson Dunn in a cooperative manner to establish a set of procedures to accommodate the needs of the tenants of the building.
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