DIAZ REUS PARTNER, ISRAEL REYES, REPRESENTS LANDMARK HOTEL OWNER IN SUIT AGAINST GERMAN BANK

Versace Mansion Miami BeachIn a case with international financial implications, Casa Casuarina LLC, owner of a landmark Miami Beach resort property once owned by designer Gianni Versace and known as the Versace mansion, is suing its mortgage holder German bank WestLB on multiple counts of alleged fraud.

Hit by high levels of insolvency and with losses of more than 2 billion euros by 2005, WestLB began to take calculated, fraudulent steps to artificially book liquidity and delay its demise.

“We are seeking justice for our client which lost money, income and reputation because of the bank’s alleged deceptive and illegal actions,” said attorney Israel Reyes, a partner at Miami-based Diaz Reus & Targ, LLP, who represents Casa Casuarina LLC with co-counsel Adam Steinberg, a Fort Lauderdale attorney.