With efforts underway to sell Miami’s Espirito Santo Bank and its Portuguese parent, South Florida litigation claiming fraud and money laundering in federal district and bankruptcy courts potentially could give pause to any suitor.
“Our lawsuit was filed long before the bank was up for sale. It is not our intention to impede the sale, but we don’t believe they can sell the bank or maximize the sale price without first dealing with our very serious lawsuit,” said attorney Edward H. Davis Jr., a partner at Astigarraga Davis in Miami.
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