HELIE v. OLD PALM HOLDINGS CDVII LLC III III LLC LLC LLC (2018)

District Court of Appeal of Florida, Fourth District.

Peter HELIE, Timothy Haviland, Ned Lipes, Phil Litowitz, and Greg Smith, each individually and in a derivative capacity as shareholders of and on behalf of Old Palm Golf Club, Inc., a Florida not-for-profit corporation, Appellants, v. OLD PALM HOLDINGS L.P., a Delaware Limited Partnership, CDVII Old Palm LLC, a Delaware Limited Partnership, Clarion Development Ventures, III L.P., a Delaware Limited Partnership, Clarion Development III, LLC, a Delaware Limited Partnership, Clarion Partners LLC, a New York Limited Partnership, Triton Atlantic Partners, LLC, a Delaware Limited Partnership, James D. Motta, Gary Walker, Leslie Snavely, and Old Palm Golf Club, Inc. Appellees.

No. 4D17–2317

Decided: February 08, 2018

Gary M. Dunkel and Seth B. Burack of Fox Rothschild LLP, West Palm Beach, for appellants. Jaime A. Bianchi, David P. Draigh and Zachary B. Dickens of White & Case LLP, Miami, for appellees Old Palm Holdings, L.P., CDVIII Old Palm, LLC, Clarion Development Ventures III, L.P., Clarion Development III, LLC, and Clarion Partners, LLC. Kathryn L. Ender of Cole, Scott & Kissane, P.A., Miami, for appellees Triton Atlantic Partners, LLC, James D. Motta, Gary Walker and Leslie Snavely. Nathan E. Nason of Nason, Yeager, Gerson, White & Lioce, P.A., Palm Beach Gardens, for appellee Old Palm Golf Club, Inc.