Miami Developers Fight Multimillion-Dollar Lawsuit by Israeli Firm Over Fiber Optics
Plaintiffs claim Miami developers David and Michael Adler squeezed an Israeli company out of royalties and licensing fees for a technology converting coaxial cable to fiber optics.
June 19, 2017 at 02:00 AM
3 minute read
Miami developers Michael and David Adler have moved to strike a complaint accusing them of withholding millions in licensing fees and royalties from a foreign partner.
The defendants head the Adler Group, a real estate development and investment firm with a construction arm. But a lawsuit against another Adler affiliate, Kabel-X USA LLC, shows the real estate executives are embroiled in a dispute over patent rights for technology with alleged big-dollar implications for the construction sector. The technology removes the copper core from coaxial cables to allow conversion to fiber optics. It allows construction companies to replace older cables without digging trenches or disrupting the existing infrastructure.
The fight raises questions about whether the Adlers reneged on a U.S. licensing agreement with Israeli firm Cable-X, which accuses the Florida group of cutting it out of the deal.
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