A South Carolina condo owner got into a squabble with the board of his condominium because he had fallen behind in his dues. That’s not uncommon, but in the case of James E. King his board did something far beyond the uncommon. It sent out flyers saying that King was a registered sex offender.
Well, there is a James King in that state who really is a sex offender. But this condo board got the wrong James King. This King went to court, where a jury slammed the condo association with a nearly $900,000 judgment. The HOA will most likely appeal, probably on Monday. But the implications are staggering.
A libel/slander judgment probably won’t be paid by the insurance company. And attorneys’ costs, while not mentioned in the story below, could potentially double that amount. So if insurance doesn’t pay, who does?
Count the number of members of this condo, divide it into about two million bucks, then hand out the special assessments due within thirty days.
And you thought HOAs protected your property values.