[9] The last 17[14][9][1] stores, including two La-Z-Boy Furniture Gallery locations[3] (one in California and one in Oregon), were closed in 2008.
In 1975, a water main near the company's Santa Monica store burst.
The company and its insurer, Aetna, sued the city under the theory of inverse condemnation.
but the court refused to give the instruction, and the jury awarded damages corresponding to the wholesale value.
"[17] The suit is considered one of "the leading cases" in California tort law about the value of inventory.