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Portland Building Owner Secures $1.2 Million Judgment Against Advertising Company
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What Happened?
A Portland building owner has won a jury award of $1,237,191.92 against Lamar Obie Company after an appeals court upheld the ruling. The court found that the company acted unfairly by surrendering a permit needed for advertisements.
Key points
- The Oregon Court of Appeals upheld a jury award of $1,237,191.92 to Jim A. Atwood.
- Lamar Obie Company surrendered a state sign permit instead of returning it after the lease ended.
- The dispute involved a wall on Atwood's building that had displayed advertisements for decades.
- Atwood rented the wall to advertising companies, sharing revenue with them.
- The legal issues arose when the wall was designated as part of the National Highway System.
- Atwood filed a civil lawsuit after losing access to the state permit system.
Key insights
- The ruling reinforces the importance of fair dealings in lease agreements.
- Atwood's victory may encourage other property owners to assert their rights in similar disputes.
- The case highlights the complexities of advertising regulations under state law.
Why it matters
This ruling could impact how advertising agreements are structured in the future.
Tags
Entities
Jim A. Atwood· PersonLamar Obie Company, LLC· CompanyOregon Court of Appeals· OrganizationOregon Department of Transportation· OrganizationOnsite Advertising Services, LLC· CompanyOnDisplay Advertising, LLC· CompanyWest Burnside Street· LocationNational Highway System· Event
Source
Times of India
