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Thursday, January 31, 2008
Miami Tycoon Sues Real Estate Blogger for $25 Million
The fracas erupted after Lechuga criticized Hollo's Opera Tower development, calling the project "doomed" and predicting that at least half of the units wouldn't sell. The kicker, however, was when he claimed Hollo went bankrupt in the 1980s, which apparently never happened. The otherwise contrite Lechuga equivocates about the definition of the word "bankrupt," but unfortunately for him, that's not really one of those gray areas, definition-wise. Still, it's unlikely the lawsuit will produce much money from Lechuga.
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