Broward County Courthouse in Fort Lauderdale. Photo by J. Albert Diaz/ALM 'Would've Been Snoring Without Ya': Fort Lauderdale Jury Awards $4.5 Million in Condo Investment Spat
"You need not go to trial in a case that has no basis in fact. And that's what these guys did. So now, not only do we get all our money back plus interest, but we're also going to recover all our attorney's fees. The $3.8 million that was left is going to turn into almost $6 million because they acted stupidly," Glen Waldman said.
October 09, 2024 at 06:03 PM
4 minute read
What You Need to Know
- Leonardo and Luis Collo, shareholders of Costa Six, sued the other shareholders of the company.
- The plaintiffs were asked to pay for the loss on an investment in Fort Lauderdale.
- After a six-day trial, the jury needed only 35 minutes to rule in favor of Leonardo and Luis Collo, awarding them $4.5 million.
A state court in Fort Lauderdale entered a $4.5 million final judgment this week, awarding two men who sued Costa Six S.A., a Panamanian company, and four of its shareholders for injunctive and declaratory relief related to a monetary dispute.
The defendant, Costa, has six shareholders. Meanwhile, the plaintiffs, Leonardo and Luis Collo, each own 12.5% of the company and sued the other four shareholders.
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