Alameda Journal: Judge: SunCal's $100 million claim against Alameda without merit, February 17, 2012
A federal judge has dismissed a claim for $100 million against the city of Alameda by SunCal Companies, the amount of potential profit the developer said it has lost since its bid to redevelop the former Alameda Naval Air Station fell through.
But U.S. District Court Judge Charles Breyer said he still would consider SunCal's claim that it spent $17 million on the project and so should be compensated by the city.
The dismissal of the claim for lost profits was announced Tuesday.
"This decision significantly reduces the potential city exposure in the matter," City Attorney Janet Kern said in a statement.
The judge ruled that any anticipated profits was speculative.