Hakim-Baba v. Desai CA6

CourtCalifornia Court of Appeal
DecidedMarch 4, 2026
DocketH050787
StatusUnpublished

This text of Hakim-Baba v. Desai CA6 (Hakim-Baba v. Desai CA6) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hakim-Baba v. Desai CA6, (Cal. Ct. App. 2026).

Opinion

Filed 3/4/26 Hakim-Baba v. Desai CA6 NOT TO BE PUBLISHED IN OFFICIAL REPORTS California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

SIXTH APPELLATE DISTRICT

YAGHOOB HAKIM-BABA, H050787 (Monterey County Plaintiff, Cross-defendant and Super. Ct. No. 20CV001292) Appellant,

v.

HITESH DESAI et al.,

Defendants, Cross-complainants and Respondents.

Persuaded by defendants Hitesh Desai, Jayesh Desai, and Mohammad Rezai, plaintiff Yaghoob Hakim-Baba signed an agreement to purchase an interest in defendant I & P Brothers, LLC (I & P). Hakim-Baba came to regret the purchase, but not before paying much of the purchase price. When the parties were unable to agree on when and how to refund Hakim-Baba the sum he had paid toward the purchase, Hakim-Baba sued. Defendants cross-complained for breach of contract. The parties settled, with Hakim-Baba electing to rescind the agreement rather than pursue his claims for tort damages and defendants abandoning their cross-claim. Implementing the rescission remedy, defendants refunded Hakim-Baba all the money he had paid, with half the prejudgment interest he sued for; Hakim-Baba returned his interest in I & P. Hakim-Baba recovered none of the damages he had claimed as the costs incurred in raising the capital to fund the now-rescinded purchase. When Hakim-Baba sought contractual attorney fees, contending that he was the prevailing party, the trial court denied his request, finding that neither party obtained a greater recovery. We affirm. I. BACKGROUND A. The Pleadings Hakim-Baba sued defendants in April 2020. Hakim-Baba alleged he paid defendants $3.9 million in connection with an agreement that would provide him a membership interest in I & P (the “I & P Purchase Agreement”) and defendants had used about $2 million of Hakim-Baba’s payment to buy a property on Carmel Valley Road. But one of the individual defendants took title to the Carmel Valley property. Hakim-Baba alleged three causes of action. First, Hakim-Baba sought title to the Carmel Valley property through a quiet title claim. Second, Hakim-Baba sought damages, including statutory double damages and punitive damages, through a financial elder abuse claim.1 Third, Hakim-Baba sought rescission, including a return of his $3.9 million and the economic costs he incurred to procure those funds. Hakim-Baba sought interest on all “damages and/or restitution awarded.” Hakim-Baba alleged his contractual entitlement to attorney fees in connection with his financial elder abuse and rescission claims. In his operative fourth amended complaint, filed about a year later, Hakim-Baba included more detail in his factual allegations and more causes of action. Hakim-Baba added that defendants used a spreadsheet to induce him to enter the I & P Purchase Agreement when his capacity was diminished. The spreadsheet was the basis for Hakim-Baba’s agreement to pay $4,661,113 for a 25 percent membership interest, but the spreadsheet overvalued I & P’s property holdings and undervalued its debt. In addition to his original causes of action, Hakim-Baba asserted causes of action for intentional misrepresentation, concealment, and breach of fiduciary duty claiming the same $3.9

1 Hakim-Baba included in his prayer for relief a request for treble damages.

2 million he paid in connection with the contract as damages. Hakim-Baba alleged that defendants had promised to refund his money if he canceled the deal but failed to do so. Under the rescission cause of action, Hakim-Baba included within his damages “the cost of funds and interest at the legal rate from the date [his] funds were delivered to” defendants. In their answer, defendants admitted that Hakim-Baba paid $3.9 million towards the purchase of an interest in I & P, that Hakim-Baba had asked for his money back, and that they had offered him his money back. In a cross-complaint, defendants alleged that Hakim-Baba had breached the I & P Purchase Agreement by failing to pay the full purchase price and sought damages including the balance of his purchase price, lost profits, opportunity costs, and increased financing expenses. B. Settlement Before Hakim-Baba filed suit, defendants made three settlement offers. First, defendants proposed converting Hakim-Baba’s “invest[ment]” into a loan to I & P secured by a second deed of trust against two residential properties. The loan would accrue interest at an annual rate of 7 percent, paid monthly, and I & P would pay the principal within about a year. Second, having waited a few weeks without receiving a response, I & P asserted its position that Hakim-Baba was a member of I & P under a binding agreement but modified its settlement offer. Again, the framework of the deal was to treat Hakim-Baba’s money as a loan to I & P, but this time as a first position loan on the Carmel Valley property and a second position loan on another with repayment forecast in about seven months. To facilitate part of the repayment, the Carmel Valley property would immediately be listed for sale. Hakim-Baba made a partial counteroffer, proposing that the Carmel Valley property be transferred to him in exchange for a credit. His proposal would have left the

3 parties to reserve their rights concerning the difference between the settlement value of the Carmel Valley property and the amount he had already paid. Third, defendants responded with their “final” offer. Defendants proposed two alternatives for partial satisfaction of the refund due: (1) grant Hakim-Baba title to the Carmel Valley property for a $2.3 million credit; (2) sell the Carmel Valley property, paying Hakim-Baba $2 million from the proceeds. In either scenario, the balance still owed to Hakim-Baba would constitute a second-position loan on another property, to be satisfied from the proceeds of the anticipated sale of that property in about six months. Hakim-Baba did not accept this final offer and sued. About two years after Hakim-Baba filed his complaint, defendants accepted Hakim-Baba’s pretrial Code of Civil Procedure section 998 offer. Pursuant to the settlement, the trial court entered judgment in Hakim-Baba’s favor and against defendants on the operative complaint and cross-complaint. The judgment rescinded the I & P Purchase Agreement, extinguishing Hakim-Baba’s interest in I & P and awarding Hakim-Baba $3.89 million in restitution, for which defendants were jointly and severally liable.2 And the judgment awarded Hakim-Baba $357,720.14 in prejudgment interest, calculated as simple interest at the rate of 3.5 percent per annum through the acceptance of the Code of Civil Procedure section 998 offer. The trial court reserved jurisdiction to address prevailing party costs and attorney fees. The parties agreed to dismiss their respective complaints with prejudice after the judgment was satisfied. C. The Prevailing Party Determination and Appeal Hakim-Baba sought over $800,000 in attorney fees, relying on the fee provision in the I & P operating agreement. The operating agreement provides: “In the event that any

2 Hakim-Baba withdrew $10,000 from I & P’s bank account while the litigation was pending. The settlement amount accounted for this withdrawal.

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Hakim-Baba v. Desai CA6, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hakim-baba-v-desai-ca6-calctapp-2026.