Professional Tax Appeal v. Kennedy-Wilson Holdings

Plaintiff filed suit against defendants for unjust enrichment and conversion, alleging that it had no remedy at law against the original property owner after it lost the property in foreclosure, and that defendants had unjustly retained the full benefit of the reduction in taxes owed. The Court of Appeal affirmed the trial court's order sustaining defendants' demurrer to the conversion cause of action.However, the court reversed as to the unjust enrichment claim. The court held that the complaint stated sufficient facts that defendants knew or had reason to know of plaintiff's right and interest in a percentage of the tax refund, they benefited in the form of a reduced tax liability, and their retention of those benefits without payment to plaintiff was unjust. View "Professional Tax Appeal v. Kennedy-Wilson Holdings" on Justia Law