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Woolbright, Ex-Exec Quietly Resolve Lawsuit

BOCA RATON, FL-The settlement ends a seven-month legal battle for the shopping center developer.

By Polyana da Costa | Updated on October 28, 2009

(This story, in slightly different form, originally appeared in ALM’s Daily Business Review.)

BOCA RATON, FL-A seven-month legal battle between locally based Woolbright Development and a former executive of the company who accused the developer of fraud, has quietly come to an end. Details of the agreement are not in court records, but a Woolbright spokesman says “the lawsuit has been amicably settled,” declining further comment.

The suit in Palm Beach County Circuit Court was dismissed after the shopping center owner, its president Duane Stiller and former executive Jonathan Porter recently reached a settlement. Porter and his attorney, Mitchell Adler, did not return calls seeking comment.

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