If this case had come out any other way, I'd have fallen on the floor in disbelief.
The Court of Appeal holds that when a corporation (or corporations) own a shopping center and the economy turns south, that does not constitute "reasonable cause and circumstances beyond [their] control" for not timely paying property taxes. Hence there's no waiver of statutory penalties.
Duh.
This lawsuit had no probability of success from the get-go.
