The Real Deal Miami

Osorio to appeal receivership

March 11, 2011 01:17PM

The high-profile receivership of Miami entrepreneur Claudio Osorio’s
InnoVida construction materials company has taken another turn, as
Osorio plans to appeal the receivership, his attorney said. On Mar. 2,
Miami-Dade Circuit Judge Valerie Manno Schurr ordered a receiver to
investigate what happened to investors’ money and to take over the
company. “It is unfortunate that this case was cut short and a jury did
not have an opportunity to reach a verdict based on the facts and merits
of the case,” said Robert Zarco, Osorio’s attorney. “We are certainly
planning an immediate appeal.” [SFBJ]