Citing Alleged Multiple Counts of Fraud, International Law Firm Diaz Reus & Targ and Co-counsel Adam Steinberg File Lawsuit Against German bank WestLB
Miami, Florida (PRWEB) January 05, 2012 In a case with international financial implications, Casa Casuarina LLC, owner of a landmark Miami Beach resort property, is suing its mortgage holder German bank WestLB on multiple counts of alleged fraud.
?We are seeking justice for our client which lost money, income and reputation because of the bank?s alleged deceptive and illegal actions,? said attorney Israel Reyes, a partner at Miami-based Diaz Reus & Targ, LLP, who represents Casa Casuarina LLC with co-counsel Adam Steinberg, a Fort Lauderdale attorney.
Located at 1116 Ocean Drive, Miami Beach, Casa Casuarina is a Spanish-style villa once owned by designer Gianni Versace and known as the Versace mansion. In 2006, executives at WestLB?s New York branch closed on a $ 25 million mortgage on the property so Casa Casuarina could pay off a $ 14 million Bank of America loan.
A complaint filed December 12, 2011in the 11th Judician Circuit in Miami (case # 11-414111 CA 23) alleges th