Read about an illegal ownership lawsuit in South Florida between well-known real estate firm Witkoff Group and SC Philips Clark LLC, former 50% shareholder of the Shore Club Hotel. Learn how a veteran Florida real estate litigation lawyer can help your organization. 

The Lawsuit 

Witkoff Group and real estate lender Monroe Capital are being accused of conspiring to usurp ownership of SC Philips Clark LLC’s 50% stake in the Shore Club Hotel. The 309-room hotel has been closed since 2020 at the beginning of the coronavirus pandemic, and was financed by a $100M+ loan by Monroe Capital. Lead developer, HFZ Capital Group, was intended to pay for the costs of the project and SC Philips Clark LLC was intended to get a 50% stake in the hotel in exchange. 

However, HFZ defaulted on the loan when pandemic hardships hit, and that’s when the lawsuit alleges Witkoff and Monroe teamed up to illegally take ownership of SC Philips’ shares. This purportedly breached the original contract, prompting the plaintiff to file suit. 

Protecting Your Real Estate Interests With the Help of a South Florida Litigation Attorney 

Your real estate interests are likely a significant portion of your financial and retirement portfolio. Protecting them is important, and the only way to effectively do this is with the assistance of an experienced Florida real estate litigation attorney. A lawyer understands complicated property laws and how they might affect you individually, and can make recommendations on what actions will and won’t be in your best interests. 

If you neglect to work with a lawyer on a real estate dispute – whether someone is bringing legal action against you or you are bringing action against someone else – there is a significant risk of losing. Even if you feel like the facts of your case are rock-solid, being able to present them to a judge and jury, if applicable, effectively is critical. You could have smoking gun evidence and still lose your case if you aren’t able to make a compelling argument within the confines of the law. 

Reach Out to Feinstein Real Estate Litigation & Business Law Today

If you are involved in a real estate lawsuit or need to protect your real estate interests by filing one, Feinstein Real Estate Litigation & Business Law can help. Call today for a consultation to discuss the details of your real estate case by dialing 954-767-9662 (Fort Lauderdale).