Billboard Company Demands Jury Trial on $10 Million “Lost Profits” Claim Against L.A.
In the latest chapter of a long-running lawsuit in federal court, Regency Outdoor Advertising has filed a demand for a jury trial to determine if the city owes the company at least $10 million in profits lost because the company was denied permits to put up new billboards more than 10 years ago.
A U.S. District Court judge ruled three years ago that the West Hollywood billboard company could not pursue the claim for lost profits, but that ruling was overturned earlier this year by the 9th Circuit Court of Appeals. A settlement conference on the issue of damages was held last week in district court with attorneys for the city and Regency, but no agreement was reached.



