Florida Law360 provides breaking news and analysis on legal and regulatory issues in Florida. Coverage includes high-stakes litigation, policy developments, and corporate deals affecting the state.
Nationstar Mortgage asked the Florida Supreme Court for clarification Friday on its recent reversal of a precedent-setting appeals court decision that said a mortgage holder could not invoke an attorneys' fees provision after prevailing in a foreclosure suit because the noteholder failed to establish standing.
A woman challenging a Florida law allowing insurers to deny personal injury protection claims for people injured in car crashes who don’t seek treatment within 14 days told a Florida federal judge Friday that State Farm can’t escape her putative class suit, arguing that an order in a related state court case doesn't preclude her claims.
Lennar has reportedly paid $17 million for a Miami development site, Baptist Health South Florida is said to have bought a former Toys R Us store for $15.8 million, and Bridge Development Partners has reportedly dropped $68 million on a Los Angeles warehouse complex.
The trustee for The Limited Stores Co. LLC’s Chapter 11 has sued companies owned by private equity firm Sun Capital Partners Inc., saying the companies took $42 million from the struggling women’s clothing retailer and sent it into bankruptcy.
A court-appointed receiver won approval from a Florida federal court Friday to move forward with a settlement agreement with foreign liquidators and a plan to sell assets of companies linked to a Chilean fugitive accused of bilking securities investors out of $7.4 million.