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Specializing in insolvency and complex commercial matters since 1974

Firm Settles Almost Eight Years Of Litigation Over $11 Million Gulf Shore Home In Old Naples - November 26, 2014

On November 26, 2014, the Honorable Caryl E. Delano of the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, approved a stipulation and entered an agreed order resolving a set of longstanding disputes involving the purchase and sale of a 15,125-square-foot furnished mansion on a half-acre off Gulf Shore Boulevard North in Naples, Florida. Litigation by the buyer began in Collier County Circuit Court in January 2007, and was reported in the Naples Daily News (below). The sellers sought relief in bankruptcy court in July 2013. After the filing, the firm successfully defended a motion by the buyer to dismiss the bankruptcy case, as well as the buyer’s request for summary judgment in his adversary proceeding. Ten days before trial, the firm successfully resolved all of the buyer’s claims (exceeding $11 million not including the claim for treble damages and attorney’s fees and costs), his objections to exemptions, his challenges to discharge, and his claims of nondischargeability, for $750k. The firm’s representation of the sellers was led by Stephen R. Leslie, Daniel Fogarty, and Amanda Chazal.

News Articles:
Owners sue over money pit house, all $11M of it, they claim
Jury awards $7.7 million to owner of Naples money pit home