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OTTO'S HEIRS v. KRAMER

No. 3D00-3230.

797 So.2d 594 (2001)

Siegfried OTTO'S HEIRS, et al., Appellants, v. Thomas KRAMER, et al., Appellees.

District Court of Appeal of Florida, Third District.

Rehearing and Rehearing Denied November 6, 2001.

Attorney(s) appearing for the Case

Hunton & Williams and Vance E. Salter and Christopher N. Johnson, Miami, for appellants.

Thomson, Muraro, Razook & Hart and Carol A. Licko, Miami; Greenberg Traurig and Hilarie Bass and Elliot H. Scherker and Elliot B. Kula, West Palm Beach, for appellees.

Before GERSTEN and SHEVIN, JJ., and NESBITT, Senior Judge.

Rehearing and Rehearing En Banc Denied November 6, 2001.

NESBITT, Senior Judge.

In December, 1991, Siegfried Otto, a prominent and successful German businessman, entrusted some $145 million to his then son-in-law, Thomas Kramer. Kramer invested approximately $100 million thereof in various Florida business entities and real properties situated on Miami Beach. Under the parties' agreement, Kramer was to make periodic payments to Otto. The deal soured and Otto...

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