Breakup Sought For Fla. Hotel, Retail Center Joint Venture

Law360, New York (October 29, 2013, 7:50 PM EDT) -- A developer in a joint venture that owns and operates a hotel on Miami Beach and a shopping center in Palm Beach County, Fla., sought to dissolve the relationship in state court last week because the partners allegedly breached their fiduciary duty.

Brahim Brothers LLC filed suit against Washington Blu LLC, several of its affiliates and beneficial owner Salvatore Traficante, claiming that when the management agreement for the Fashionhaus Hotel and the Summit Commons shopping center expired, the parties had a falling out as to who...
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