Orlando Business Lawyer - Calandrino Law Firm, P.A. http://floridabusinesslaw.com Empowering Entrepreneurs Mon, 20 Feb 2012 16:15:15 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Fifth District Affirms Judgment Obtained by Calandrino Law Firm for Business Owner http://floridabusinesslaw.com/%pathinfo%/ http://floridabusinesslaw.com/%pathinfo%/#comments Thu, 14 Jul 2011 15:23:22 +0000 Phil Calandrino http://floridabusinesslaw.com/?p=400 Phil Calandrino defended the buyer of a small business from a claim against the seller for nonpayment of the seller’s note. The buyer countersued for fraud because the company’s gross revenue and net profit were not as they were represented. After a three-day trial, the Calandrino Law Firm won a verdict for the client, wiping out the note, refunding a portion of the purchase price, and requiring the seller to reimburse the buyer’s attorneys’ fees in full.

The seller appealed and Phil Calandrino argued the case before a panel of three judges at the Fifth District Court of Appeal in Daytona Beach. The Fifth District affirmed the trial court judgment. After the verdict, Calandrino said:  “I am very happy to see justice done for our client. The court sent a clear message to business sellers that you must be honest in your dealings with buyers and that hiding behind the doctrine of due diligence won’t protect you from false statements.”

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