Currently viewing the tag: "Lawsuit"
Apparently blogging your opinion on a local condo development could get you fired, sued, or both! Lucas Lechuga, of Miami Condo Investments, was the lucky recipient of a $25 million defamation lawsuit from Miami developer Tibor Hollo for writing:
”My opinion is that this development is doomed…”

And:

“This developer went bankrupt in the 1980′s and I think we’ll see a repeat performance within the next 6 months. What do I know, though? I’m no real estate oracle.”

Apparently Hollo didn’t go bankrupt in the 80′s and wants to set the record straight. Meanwhile EWM’s Ron Shuffield felt the blog illustrated a negative connotation and plans to review with their 800+ Realtor staff the do’s and don’t of blogging…

I believe this whole thing has been blown disproportionately out of the water, starting with an exorbitant $25 million for defamation. How can anyone quantify that much in damages to begin with? Luckily for Lechuga, the lawsuit likely won’t hold much water in court according to herald interviews with local attorneys. From what I can tell, this has the appearance of a glorified publicity stunt amid a crumbling housing market. Who am I to say anyway? Only time will tell…

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