Representation of the current and former officers and directors of a regional bank in a shareholder derivative and class action suit based on allegations of self-dealing, with claims of over $100 million. Numerous insurance-related issues were also part of the representation. Our team successfully argued for dismissal of the class action with prejudice. Litigation regarding distribution of settlement funds for the derivative suit is ongoing.
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.
US Homes applied for and received zoning approval of a 1,500-unit residential community in Lee County, Florida; the neighbors challenged the approval in court. We represented US Homes in the appeal and subsequent remand, obtaining a favorable resolution to the matter for our client.