A Miami company that specializes in purchasing tax certificates at auction has won a $21 million verdict against a large California hedge fund in a federal breach of contract case.
But before the judgment was entered by U.S. Magistrate Judge Edwin Torres in Fort Lauderdale, Fla., on the March 29 verdict, Santa Monica, Calif.-based Coast Asset Management settled the case with Gulf Group Holdings, according to courthouse sources and court records. The settlement is confidential.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
For questions call 1-877-256-2472 or contact us at [email protected]