$4.5 Million Victory: Collo Brothers Triumph in High-Stakes Shareholder Showdown Over Fort Lauderdale Condo Project Losses
FORT LAUDERDALE, Fla. — A state court has ruled in favor of two shareholders in a dispute against a Panamanian company, Costa Six S.A., and four of its shareholders, culminating in a $4.5 million judgment. The ruling, issued this week by Broward Circuit Judge Michael Robinson, resolves a contentious monetary conflict surrounding the Adagio Fort Lauderdale Beach project, a condominium located on the Intracoastal Waterway. The plaintiffs, brothers Leonardo and Luis Collo, who each own a 12.5% stake in the company, initiated the lawsuit to secure their financial interests, alleging that their rights as shareholders … Read more