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Fla. Appeals Court Affirms $1B Judgment For Lennar

Law360, San Diego (April 1, 2015, 6:01 PM EDT) -- A Florida appeals court on Wednesday upheld Lennar Corp.’s $1 billion award against California developer Nicholas Marsch III and his company, Briarwood Capital LLC, for defaming and extorting money from Lennar, ruling that Marsch had only himself to blame for sanctions that hobbled his defenses.

The Third District Court of Appeal affirmed final judgment in the case along with pretrial orders that found Marsch defaulted as to liability in the case and a later sanction that barred him from contesting Lennar’s damages argument at trial. The...
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