Miami Office Owner Claims Fraud In $6M Loan Agreement

Law360, Miami (July 24, 2013, 5:50 PM EDT) -- The owner of an office building in Miami's downtown Brickell District on Tuesday accused an adjacent property owner of fraudulently inducing it into a $6 million loan agreement in a ploy to buy the building at below-market value.

In a suit filed in state court, the Taplin Company Ltd., a family-owned development company, said Walter Defortuna, of Fortune International Realty, loaned the company money and then refused to cooperate under the terms of the agreement and now seeks to exercise an option that allows him to...
To view the full article, register now.