A-Rod, ex-brother-in-law skip trial, settle dispute over multifamily empire

Agreement comes after the former Yankee shook off civil racketeering, theft claims

Miami /
Nov.November 15, 2021 06:30 PM

From left: Alex Rodriguez, former professional baseball player, and Constantine Scurtis, chief executive officer, Lynd Acquisition Group (Getty Images, Lynd Acquisitiion Group, iStock, Photo Illustration by Steven Dilakian for The Real Deal)

Former baseball slugger Alexander Rodriguez and his ex-brother-in-law, Constantine Scurtis, settled their remaining claims in their seven-year dispute over a once-burgeoning real estate empire, avoiding a trial that was set to begin on Monday.

Scurtis, whose sister Cynthia Scurtis was married to Rodriguez, had sued A-Rod, claiming he had cut him out of their multifamily venture and earnings, according to his complaint. The properties spanned 5,000 units purchased for $300 million in the early 2000s in Florida, Texas, Mississippi, Indiana and Oklahoma.

The former Yankee responded in court that Scurtis had dipped into the partnership’s coffers to the tune of $1.4 million, and then sued Rodriguez as an extortion tactic and to wiggle out of repaying the money Scurtis owed, according to Rodriguez’s counterclaim.

Rodriguez’s attorney said the settlement, reached on Sunday, came after the court shot down Scurtis experts from testifying in court, and significantly cut down the testimony of another. This reduced the claim amount Scurtis could bring to trial, attorney Ben Brodsky said.

Terms of the settlement are confidential, with Brodsky only saying he and Rodriguez “are pleased with it.” Scurtis’ attorney declined comment.

The settlement came on the heels of Rodriguez scoring several major victories in the case.

In November, Miami-Dade Circuit Judge Michael Hanzman shot down Scurtis’ racketeering and theft counts, both civil claims, against Rodriguez. They were among the heftiest in the 59-count suit, as they could have exposed Rodriguez to triple of any damages Scurtis would win.

That decision came after Hanzman in September shot down 13 lawsuits Scurtis had filed this year against Rodriguez. They were separate from Scurtis’ main 2014 complaint, but related to the real estate venture.

Rodriguez was married to Cynthia Scurtis from 2002 to 2008, and his venture with Constantine Scurtis allegedly went awry when the marriage ended. Scurtis claimed he was pushed out as general partner of the limited liability companies the duo had used to own the properties. But Hanzman, in his November order, ruled that Scurtis had off on the transfer of control.





    Related Articles

    arrow_forward_ios
    Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)
    Here’s what the $10M-$30M NYC investment sales market looked like last week
    Here’s what the $10M-$30M NYC investment sales market looked like last week
    Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)
    New NYC rent law “beginning to shut down investment”
    New NYC rent law “beginning to shut down investment”
    Numbers were down across the board (Credit: iStock)
    New York’s multifamily market had its slowest first half of the year since 2011
    New York’s multifamily market had its slowest first half of the year since 2011
    Multifamily sales show market’s split personality
    Multifamily sales show market’s split personality
    Multifamily sales show market’s split personality
    Toby Moskovits pitches Bronx project rescue, financed by [redacted]
    Toby Moskovits pitches Bronx project rescue, financed by [redacted]
    Toby Moskovits pitches Bronx project rescue, financed by [redacted]
     356 Fulton Street in Brooklyn and Feil Organization CEO Jeffrey Feil (Google Maps)
    Biggest project filings: Developers propose 1,500 apartments in Gowanus
    Biggest project filings: Developers propose 1,500 apartments in Gowanus
    Multifamily deals keep investment sales humming
    Multifamily deals keep investment sales humming
    Multifamily deals keep investment sales humming
    HRI's Aaron Carr and 3045 Godwin Terrace (Facebook, Google Maps)
    “Our existence is a tragedy”: Housing Rights calls for enforcement overhaul from Hochul
    “Our existence is a tragedy”: Housing Rights calls for enforcement overhaul from Hochul
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...