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Litigation Regarding Breach of Fiduciary Duty of Developers' Legal Counsel

Regalia Beach Developers, LLC and Regalia OTM
Representation of Regalia Beach Developers and Regalia OTM, international developers of luxury condominiums, in a lawsuit against their former lawyer. As the developer's principal resides primarily outside of the U.S., our client looked to its South Florida lawyer for counsel. But in breach of his ethical and fiduciary duties, the developer's lawyer convinced the client to hire a company that the lawyer wholly owned to manage each of the projects while simultaneously continuing to represent the plaintiffs and the projects as their lawyer. Brought a lawsuit on behalf of our clients seeking to rescind the business transactions and recover the money damages suffered by them on account of the lawyer's wrongful conduct.
David W. Trench

David W. Trench

Partner, General Counsel

Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing i...

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 Miami...