November 09, 2018
A Florida federal judge signed off Friday on a class of real estate investors' bid for $33.3 million in attorneys' fees and $1.7 million in costs in a $100 million settlement with CBRE over a multimillion-dollar embezzlement case, finding the case took a lot of time and included difficult questions.
September 10, 2018
Attorneys for a class of real estate investors who recently agreed to a $100 million settlement with property management giant CBRE over a multimillion-dollar embezzlement asked Monday for a one-third cut of the settlement as attorneys' fees, arguing that the case was complex and risky and produced a great result for the class members.
August 06, 2018
A class of real estate investors has reached an agreement with CBRE and one of its employees to settle claims that the property management firm aided executives from Cabot Investment Properties LLC in embezzling $157 million, leading to the cancelation Monday of an upcoming jury trial.
April 09, 2018
A class of investors in a $157 million embezzlement suit reached a deal in Florida federal court with an independent consultant to an actuarial firm they had accused of helping Cabot Investment Properties LLC executives steal millions, saying Monday he'd agreed to cooperate in their case.
March 21, 2018
A Florida federal judge on Wednesday certified a class of investors who claim property manager CBRE Inc. and Cabot Investment Properties LLC aided CIP's executives in embezzling $157 million from investors, finding that individualized defenses don't trump the investors' common questions.
March 16, 2018
Investors urged a Florida federal court Friday to grant class certification in their suit claiming they lost nearly $157 million invested through Cabot Investment Properties LLC as a result of an embezzlement scheme run by its executives and allegedly supported by property manager CBRE Inc. and others.
September 15, 2016
An independent consultant to an actuarial firm alleged to have helped Cabot Investment Properties LLC executives embezzle millions asked a Florida federal court Wednesday for dismissal from an investor class action alleging that the scheme cost them $157 million, saying that the investors haven't offered evidence he was involved.
August 30, 2016
Investors in Cabot Investment Properties LLC said that property manager CBRE Inc. played an "integral role in both perpetuating and concealing" an embezzlement scheme by two Cabot executives that cost investors $157 million and on Tuesday asked a Florida federal judge to refuse CBRE's bid to dismiss it from a proposed class action.
July 29, 2016
Property manager CBRE Inc. urged a Florida federal court Friday to dismiss it from a proposed class suit filed by Cabot Investment Properties LLC investors over an embezzlement scheme that cost them $156 million, arguing that it was a victim too.
June 08, 2016
Cabot Investment Properties LLC, its executives and others were hit with a proposed class action in Florida federal court Tuesday alleging that investors suffered more than $156 million in losses because of an embezzlement scheme, a week after the company's CEO pled guilty to securities fraud.