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...
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