Appeals Court Sends Culverhouse Investor Case to Delaware
The Delaware Supreme Court will consider whether Coral Gables attorney Hugh Culverhouse Jr. can sue a hedge fund to recover $460 million in lost investments.
July 02, 2015 at 09:00 AM
3 minute read
Coral Gables attorney Hugh Culverhouse Jr. might have another chance to recover $460 million he and others lost to a Delaware hedge fund.
The U.S. Court of Appeals for the Eleventh Circuit asked the Delaware Supreme Court on Tuesday to consider whether Culverhouse and others who invested in Paulson Advantage Plus LP through feeder funds have standing to sue the hedge funds for their losses.
“It's obviously a significant issue, otherwise the Eleventh Circuit would not have certified the question,” said Harvey Gurland, who leads the Miami office of Duane Morris and is representing Culverhouse. “They had a lot of concerns about why the investors would be suffering a loss and not be able to have any way of being compensated.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Plaintiffs Attorneys Awarded $113K on $1 Judgment in Noise Ordinance Dispute
4 minute read
US Judge Cannon Blocks DOJ From Releasing Final Report in Trump Documents Probe
3 minute read
Read the Document: DOJ Releases Ex-Special Counsel's Report Explaining Trump Prosecutions
3 minute readTrending Stories
- 1Trump's DOJ Files Lawsuit Seeking to Block $14B Tech Merger
- 2'No Retributive Actions,' Kash Patel Pledges if Confirmed to FBI
- 3Justice Department Sues to Block $14 Billion Juniper Buyout by Hewlett Packard Enterprise
- 4A Texas Lawyer Just Rose to the Trump Administration
- 5Hogan Lovells Hires White & Case Corporate and Finance Team in Italy
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
