Miami-Dade County

To settle a federal appeal, the 11th U.S. Circuit Court of Appeals has asked this Court to answer a question about Florida law. In a federal lawsuit, two business partners allege they were cheated when they invested in fraudulent tax shelters. They sued Bayerische Hypo-Und Verinsbank and others. The federal trial court ruled that the business partners waited too long to sue. In their appeal, the partners argued the trial court misapplied long-standing Florida law concerning when the injury to them occurred and, consequently, when the statute of limitations would take effect and bar a lawsuit.