Jump to Navigation

Florida developer awarded damages in lawsuit with former partners

In order to get things accomplished, business people in Florida often must form mutually beneficial partnerships. Unfortunately, if serious business disputes arise, then partners can become adversaries.

Although an acrimonious business relationship may be disappointing or frustrating, it is not the end of the world. However, if a partner turns around and engages in unfair business practices against you, you may wish to consider pursuing a legal response.

Recently in a Sarasota Court, a developer was awarded damages totaling over $20 million from a lawsuit. The suit stemmed from allegations on behalf of the developer that he had been sabotaged by two former partners.

The case, which had been in progress for over four years, resulted from a 2010 land deal. The attorney for the developer stated that the developer had been victimized by political influence as well as backroom dealings.

Reportedly, the deal started amicably. This changed when one of the partners demanded the developer accept new terms. The partner also allegedly intimated that he would use his influence with county commissioners to terminate the project if the developer refused the new terms.

The developer maintains that the former partners also publicly acted in ways that undermined the project. A county commission vote resulted in the project being deferred and it was never again revived.

This case involved some very prominent developers, but such disputes can occur at any level of business. If you are ever placed in a position of conflict with a business partner, a Florida business litigation attorney may be able to help you find a resolution to your problem.

Source: The Herald-Tribune, "Culverhouse awarded $20 million in damages in land deal gone sour," Jeremy Wallace, March 16, 2015

No Comments

Leave a comment
Comment Information
Subscribe to This Blog's Feed

Contact Form

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Warren Gammill & Associates

Suite 400, Courthouse Plaza
28 West Flagler Street
Miami, Florida 33130

Phone: 305-579-0000
Fax: 305-371-6927

AV LexisNexis Martindale-Hubbell Peer Review Rated For Ethical Standards and Legal Ability