HESSEN v. METROPOLITAN DADE COUNTY

No. 86-1259.

513 So.2d 1330 (1987)

Penelope HESSEN, Individually and On Behelf of All Others Similarly Situated, Appellants, v. METROPOLITAN DADE COUNTY, a Political Subdivision of the State of Florida, and Chemical Bank, a Banking Corporation Organized under the Laws of the State of New York, Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied November 13, 1987.


Attorney(s) appearing for the Case

Jepeway and Jepeway and Louis M. Jepeway, Jr., Alan S. Polackwich, Sr., Vero Beach, for appellants.

Shutts & Bowen and M. Therese Vento, Miami, for appellee Chemical Bank.

Robert A. Ginsburg, Co. Atty., and Murray A. Greenberg, First Asst. Co. Atty., and Vicki J. Jay, Asst. Co. Atty., for appellee Metropolitan Dade County.

Before SCHWARTZ, C.J., and HENDRY and FERGUSON, JJ.


PER CURIAM.

This appeal is brought from an order denying the maintenance of a lawsuit as a class action.

On March 1, 1981, Dade County sold $88,000,000 in Guaranteed Entitlement Bonds in denominations of $25,000 each with interest payable each year at the rate of nine percent. The three-year bonds provided that they could be redeemed by the County on any interest payment date not earlier than March 1, 1982.

The appellant, Hessen, who resides in Vero...

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