March 21, 2008 Contact:
LINCOLN PLACE TENANTS SUE AIMCO FOR RESTITUTION AND DAMAGES LOS ANGELES, CA -- On Friday, March 14, attorneys John Murdock and David Lefkowitz filed a First Amended Complaint adding plaintiffs to the lawsuit against Apartment Investment & Management Co. (AIMCO), the owner of historic Lincoln Place Apartments, for restitution and damages on behalf of 191 current and former tenants of the long-embattled Venice complex. In its 2007 annual report, AIMCO acknowledged to shareholders that "Plans to develop Lincoln Place have been the subject of controversy and litigation, which reduces its market value and may result in a future impairment." Impairment means loss. "No kidding," remarked Sheila Bernard, president of the Lincoln Place Tenants Association. "AIMCO took a bad business gamble. They broke the law and hurt a lot of people. They threw families out of their homes, little children, frail elderly ladies, and people with life-threatening illnesses. You bet it's going to cost them." Laura Burns, a locked-out tenant and researcher on matters concerning Lincoln Place, states that this is the first acknowledgment AIMCO has made to its shareholders that its plans to demolish and redevelop the complex have run aground. "AIMCO thought they could extort more height and density from the City of L.A. at Lincoln Place. They used the tenants as hostages during a protracted period of eviction threats and tense negotiations spanning the last five years. But this Goliath has met its match," said Burns. Tenant leaders insist that AIMCO should restore the illegally terminated tenancies of 450 households, which included many seniors and families with children. Eviction threats persuaded many families to abandon their rent-controlled apartments. Payments they received rapidly disappeared in the local housing crisis. The lawsuit for damages demands that AIMCO compensate these households for the higher rents they've had to pay since leaving Lincoln Place, as well as for the destruction of their community and the harm caused to the lives of these people. Most of the plaintiffs are also asking to be restored to their former apartments. On December 6, 2005, AIMCO had the L.A. County sheriffs lock out 52 households, including 21 children and 65 adults. This was the largest single-day sheriff lockout in the history of Los Angeles. According to lead attorney John Murdock, who shepherded LPTA's case against AIMCO and the City of L.A. to a stunning victory, Superior Court Judge David Yaffe has issued an injunction preventing further evictions at Lincoln Place. Attorneys for the tenants will be using this injunction to obtain dismissals for the 48 households who are currently fighting their Unlawful Detainers in court. AIMCO abused its power," added Amanda Seward, an entertainment and intellectual property rights attorney who has learned landlord-tenant law on the job as she successfully held off the eviction of the last group of senior and disabled households who are still anchoring the complex. "The company underestimated the tenants at Lincoln Place and they are not going away." ###
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