JBG SMITH hit with $356 million trebled damages judgment in Wardman Tower lawsuit
Reuters2026/08/03 20:39- JBG SMITH postponed its Q2 2026 earnings release to assess a Wardman Tower litigation judgment.
- D.C. Superior Court entered judgment July 31, 2026 for USD 118.7 million in damages, trebled to about USD 356 million; attorneys’ fees pending.
- The case alleges construction and design defects, misrepresentations, and CPPA violations tied to the Wardman Tower condominium project.
- The lawsuit initially sought USD 185 million in compensatory damages, with treble damages under the CPPA of about USD 555 million.
- The company plans to appeal; results now expected on or before Aug. 10, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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