OpenAI boss Sam Altman thought he’d bought a Russian Hill mansion complete with a “Batcave.” But a lawsuit against the builder claims the billionaire was misled into buying a $27 million “lemon” rife with shoddy construction.
The property owner filed suit Friday in San Francisco Superior Court against Troon Pacific and its CEO, Greg Malin, accusing the developer of a fraud scheme to sell a home “plagued by instances of poor workmanship and defects.”
The named plaintiff is 950 Lombard LLC, which purchased the property in March 2020. Public records list Sam Altman as the current resident of 950 Lombard St. The residence is also the registered business address of Apollo Projects, an early-stage investment firm led by Altman and his brother Jack Altman.
Jennifer Serralta manages 950 Lombard LLC and also manages the Sam Altman Qualified Opportunity Fund, which the mogul used to buy a home in Hawaii. Attempts to reach Serralta and Altman for comment were unsuccessful.
The lawsuit is seeking unspecified damages, including interest and attorneys’ fees.
An Architectural Digest tour of the property showcased some of its notable amenities, including a separate wellness cottage and a garage with a “turntable” for cars that emerges out of a “Batcave” tunnel.
