Fort Lauderdale Newswire

Fort Lauderdale Newswire

Comprehensive Real-Time News Feed for Fort Lauderdale, FL.

Results 1 - 2 of 2 for "u:stabroeknews.com" in Fort Lauderdale, FL

  1. US firm sues Duprey for US$122mRead the original story w/Photo

    Oct 6, 2017 | Stabroek News

    Former CL Financial executive chairman Lawrence Duprey is being sued by a former subsidiary in The Bahamas for US$122 million, over a failed land development in Florida. According to the lawsuit filed in the Port-of-Spain High Court on Monday, British American Insurance Company Ltd , based in Nassau, Bahamas, is seeking to recover the money, which represents the damages awarded to it by the United States Bankruptcy Court in the South District of Florida on July 31. Baico is contending that while the legal proceedings were ongoing Duprey was living in Fort Lauderdale, Florida, but moved back to Collens Road, Maraval, without paying the court ordered damages.

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  2. Florida court orders Duprey to pay US$60mRead the original story w/Photo

    Sep 23, 2017 | Stabroek News

    Former executive chairman of CL Financial Lawrence Duprey was ordered by a Florida judge in July to pay more than US$60 million to British American Insurance Company in damages in relation to the TT$1.9 billion Green Island project in Osceola County, Florida. The insurance company had taken Duprey and one of its former executives, chairman Brian Branker to court claiming a breach of fiduciary duties on their part by allowing it to pump billions of dollars into the real estate transaction which was executed by BAICO and British American Isle of Venice in January 2008 for the purchase price of US$295 million.

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