Fla. Appeals Court Sanctions Briarwood Capital, Counsel

Law360, Miami (September 11, 2013, 7:41 PM ET) -- Briarwood Capital LLC, Nicolas Marsch III and their counsel will have to pay attorneys' fees to Lennar Corp. and Lennar Homes of California Inc. after a Florida state appeals court imposed sanctions Wednesday for the filing of a frivolous petition for a writ of prohibition, following an earlier securities fraud suit.

The Third District Court of Appeal's ruling, remanding the case to the trial court for the award of a reasonable attorneys' fee, came a year after it had denied the petition on its merits and...
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