Broad and Cassel Successfully Defends BDO International B.V.
BDO International should not be required to pay any part of a $170 million award granted in a previous trial against BDO Seidman for audits that failed to spot the largest bank fraud in Miami history, a jury decided.
Jurors deliberated for just one hour after the three-week trial before deciding Chicago-based BDO Seidman was not an agent of Belgium-based BDO International, which argued it did not control, oversee or monitor independent accounting firms around the globe sharing the BDO name.
"The jury got the case at 3:01 [P.M.] and they returned a verdict at approximately two minutes of four," said BDO International lawyer Mark Raymond of Broad and Cassel.
With significant contributions from co-lead counsel and Miami Partner Rhett Traband, the tandem successfully defended the Brussels-based company of BDO International B.V.
Roy Kobert Successfully Gets TransLand Case Dismissed
The involuntary bankruptcy of TransLand Financial Service Inc. was dismissed after two of the three petitioning banks reversed course and pulled their filing.
Judge Arthur Briskman in the U.S. Bankruptcy Court for the Middle District of Florida in Orlando canceled the hearing scheduled for Thursday, Nov. 29, when MidCountry Bank and TierOne Corp. sought dismissal as the parties were digging in for a trial on TransLand's own dismiss motion, said debtor counsel Roy Kobert of Broad and Cassel.
“The story demonstrated a rare occurrence in which an involuntary case is dismissed,” says Mr. Kobert, “yet the client retained the right to pursue claims for compensatory and punitive damages against the petitioning lenders.”
Orlando's Eminent Domain Team Works Magic
Richard Milian, and Orlando’s Eminent Domain team has settled one of the largest eminent domain cases handled by Broad and Cassel in recent years. Richard Milian was retained by Dr. Charlie Salter to represent her in an eminent domain case filed by the City of Orlando. The City was acquiring land in downtown Orlando in order to construct a new Orlando Magic Basketball Arena. The property the City was seeking to acquire from Dr. Salter was approximately 1/3 of an acre improved with a duplex, a single family house and a boarding house constructed in the 1920’s. The City appraised the property, and all improvements on the property, for $1,249,000. After only 3 months of litigation, the City agreed to pay $8,453,580 for the property. The City also agreed to pay $1,460,716 in attorneys’ fees.