Trial Victory Defeating $30 Million Fraud and Misrepresentation Claim
Leading Homebuilder
Obtained a full victory at trial on behalf of Lennar Corporation, one of the nation's leading homebuilders, turning a $30 million fraud and misrepresentation claim against our client into a $14 million victory in our client's favor. Olivia's Savannah, LLC, and its private lender, sued Lennar claiming they had been fraudulently induced to purchase 220 acres of raw land. Our team successfully counterclaimed, obtaining $14 million in defaulted mortgage payments for Lennar and also obtaining a foreclosure judgment that allowed Lennar to recover title to the 220 acres of land.
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Mitchell E. Widom
Partner
Howard E. Nelson
Partner, Environmental Practice Group Chair
José M. Ferrer
PartnerMORE EXPERIENCE
Experience
Representation of real estate investors in limited partnership derivative suits. Investors sought millions of dollars in damages, based on the diminution of the value of their investment and lost opportunities.
Experience
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Mi...