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PHILADELPHIA FINANCIAL v. DJSP ENTERPRISES

No. 4D16-870.

227 So.3d 612 (2017)

PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC, and Blue Lion Master Fund, L.P., Appellants, v. DJSP ENTERPRISES, INC., David J. Stern, Kumar Gursahaney, and Gary Curson, DPM. Appellees.

District Court of Appeal of Florida, Fourth District.

August 2, 2017.

Attorney(s) appearing for the Case

Daniel M. Cohen , Matthew E. Miller , and Jonathan W. Cuneo of Cuneo Gilbert & LaDuca, LLP, Washington, DC; Charles J. LaDuca of Cuneo Gilbert & LaDuca, LLP, Bethesda, MD; Scott R. Shepherd and Nathan Zipperian of Shepherd, Finkelman, Miller & Shah, LLP, Weston; David M. Marek of Liddle & Robinson, L.L.P., New York, NY; Joseph E. White, III and Lester R. Hooker of Saxena White, P.A., Boca Raton; Richard S. Wayne and Thomas P. Glass of Strauss & Troy, LPA, Cincinnati, OH; and Jeffrey P. Harris of Statman Harris & Eyrich, LLC, Cincinnati, OH, for appellants.

Sharon Kegerreis and Lara O'Donnell Grillo of Berger Singerman LLP, Miami, for appellee DJSP Enterprises, Inc.

Spencer A. Tew and Jeffrey A. Tew of Rennert Vogel Mandler & Rodriguez, P.A., Miami, for appellee David J. Stern.

Dennis A. Nowak and Caitlin M. Trowbridge of Rumberger, Kirk & Caldwell, Miami, for appellee Kumar Gursahaney.

Philadelphia Financial Management of San Francisco, LLC and Blue Lion Master Fund, L.P. ("the investors") filed a lawsuit in the circuit court asserting claims for fraud and negligent misrepresentation. The court found the claims were barred by the doctrine of res judicata because they were previously raised in a federal court action,...

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