United States:
Miami Condotel Ex-Owner Sues Partner Over $17M Loan
25 July 2014
Fox Rothschild LLP
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Joseph A. DeMaria was quoted in the Law360
article, "Miami Condotel Ex-Owner Sues Partner Over $17M
Loan." Full text can be found in the July 18, 2014, issue, but
a synopsis is below.
The largest shareholder in a now bankrupt Miami hotel and
condominium development has sued his ex-business partner, alleging
he was fraudulently convinced to lend $17.5 million for the
condotel that was never intended to be repaid.
The defendant's attorney, Joseph DeMaria, said the complaint
is "a rehash of claims that have been litigated for the past
three years, with a twist."
DeMaria said until now, the plaintiff had been a co-defendant
with his client, and that this suit is an attempt to deflect
attention from the plaintiff by claiming he did not know about the
condotel's management.
"That claim is false," said DeMaria.
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