Fla. Developer Agrees To Pay $30M To Settle Ch. 11 Feud

Law360, Miami (June 4, 2013, 9:35 PM EDT) -- Palm Beach real estate developer Daniel Catalfumo has reached a settlement with BBX Capital Asset Management LLC that would see him pay $30 million and turn over his bankrupt company, PGA Flyover Corporate Park LLC, to end the parties' legal disputes, according to court documents. 

Catalfumo filed a motion Friday in Florida bankruptcy court seeking an emergency hearing on the settlement, which would resolve BBX's claim that he is hiding $64 million offshore and put his company into Chapter 11 protection to avoid paying a $45...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.