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.
RELATED PEOPLE
David W. Trench
General Counsel
MORE EXPERIENCE
Experience
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
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 Miami...
Experience
Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...
VIEW MORE EXPERIENCE