Legal Opinion
Dickson v. Heaton
District Court of Appeal of Florida
Decided April 25, 2012No. 4D11-2411PublishedCited by 7 opinions
1Opinion of the CourtGross, J.
This case arises from a land speculation deal in which several investors formed a limited liability company, 775 Vero Estates, to flip five contiguous waterfront lots. After the company sold two of the lots to the lending bank, the bank foreclosed on the lots 775 Vero still owned. What looked like a good opportunity during the real estate bubble gave way to market realities after the bubble burst. Having lost their investments and expected profits, several of 775 Vero’s limited partners instituted a derivative action against the managing partners, claiming breach of fiduciary duties and…
2Cases cited5 opinions
- Stockman v. DownsSupreme Court of Florida · 1991
- Caufield v. CanteleSupreme Court of Florida · 2002
- Green v. SUN HARBOR HOMEOWNERS'ASS'NSupreme Court of Florida · 1998
- Mainlands of Tamarac by the Gulf Unit No. Four Ass'n v. MorrisDistrict Court of Appeal of Florida · 1980
- Save on Cleaners of Pembroke II Inc. v. Verde Pines City Center Plaza LLCDistrict Court of Appeal of Florida · 2009
3Cited by7 opinions
- Andrew Nathanson, as Successor Trustee of the Charlotte Stearn Revocable Trust Agreement v. Nadine Morelli and Kenneth SternDistrict Court of Appeal of Florida · 2015
- Shirley's Personal Care Services of Okeechobee, Inc. v. BoswellDistrict Court of Appeal of Florida · 2015
- Mary C. Fanelli v. HSBC Bank USADistrict Court of Appeal of Florida · 2015
- Van Vechten v. AnyzeskiDistrict Court of Appeal of Florida · 2015
- Lowell Amey Van Vechten, as personal representative and trustee of the Estate of Nicola H. Amey v. Erica Anyzeski, as personal representative of the Estate of Milton Lain BenjaminDistrict Court of Appeal of Florida · 2015
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