Malibu Mansion Buyer Seeks `Justice' in Broker Suit

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Aug. 20 (Bloomberg) -- Millionaire Hiroshi Horiike, who bought a four-bedroom, six-bath Tuscan-style mansion in Malibu, California, talks with Bloomberg's John Gittelsohn about his decision to sue Coldwell Banker and the seller's agent after discovering that his home had a third less living space than he'd been told. Both Horiike's broker and the seller's agent worked for Coldwell Banker. Horiike won an appeals court ruling that the seller's agent had a duty to protect his interests. Coldwell Banker, a unit of Realogy Holdings Corp., is asking the California Supreme Court to overturn the ruling. (Source: Bloomberg)

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