2 min read
Florida Real Estate Lawsuit: Jury Sides With Millennium World Trade Business LLC Despite Breach of Contract Claims
N
Nishica Srivastava
July 31, 2024

Felix Erdulfo Malaga Torres v Millenium World Trade Business, LLC Et Al
On July 11, 2024, the Florida jury returned a defense verdict in favor of Millennium World Trade Business, LLC after finding Plaintiff Felix Torres's claims of breach of contract and unjust enrichment to be unfounded.Case Background
On January 27, 2023, Felix Torres filed an action for breach of contract before the Florida State, Miami-Dade County, Eleventh Circuit Court. Judge Lisa S. Walsh presided over this case. [Case number: 2023-001445-CA-01]Cause
On February 13, 2013, Plaintiff Felix Erdulfo Malaga Torres entered into a Purchase Agreement with New Osimo, LLC to buy two properties—a “Large Lot” and a “Small Lot”—for $3,750,000.00. To facilitate the purchase, Torres deposited $1,817,500.00 with Millennium World Trade Business, LLC, covering 48.5% of the total price. On April 12, 2013, New Osimo, LLC recorded a Special Warranty Deed naming Millennium as the Grantee. On March 29, 2019, all Millennium members transferred their interests to Ernesto, as detailed in the Assignments of Membership Interest. Consequently, Ernesto became the sole member and manager of Millennium. On June 23, 2022, Ernesto, acting as Millennium’s Managing Member, executed a $1,800,000.00 mortgage on both properties. Ernesto was listed as the Mortgagor, while Millennium was the MortgContinue Reading This Article
Subscribe to access this article and our entire library of legal content.
Unlimited access to all articles
Expert legal analysis and insights
Downloadable resources and templates
Tags
breach of contract
defense verdict
unjust enrichment
quiet title