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Perez v. Kia of Downtown Los Angeles
Mr. Perez alleged he was cheated by Sage Downtown, Inc. which did business under the name Kia of Downtown Los Angeles. Kia of Downtown went out of business but that didn’t stop Rosner, Barry & Babbitt. In California, every licensed dealership is required to have a surety bond made payable to a purchaser in the case of fraud. Claims were filed against Westchester Fire Insurance Company who held Kia of Downtown’s $50,000 bond. Michael Klitzke brokered a settlement to split the bond money.
The fact that a car dealership is out of business does not end your claim. Attorneys at Rosner, Barry & Babbitt routinely collect money from the dealership’s surety bond. If the dealership is out of business and you think you have a claim, it is important to seek help right away to ensure that you get your fair share of the bond money.
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