The Real Deal Miami

Lennar wins $584M judgment

June 16, 2011 08:57AM

Miami-based Lennar has won a $584 million judgment against Barry Minkow,
who pleaded guilty in March to securities fraud involving false
statements about the home builder. Neither Minkow nor Lennar returned
messages. The stipulated judgment was entered on June 1 in Miami-Dade
Circuit Court. Lennar had sued Minkow and developer Nicolas Marsch for
extortion and defamation. Minkow likened Lennar to Enron in 2009,
calling it a “financial crime in progress,” both in a press release and
online. Minkow, now 44, had been sentenced at age 22 for the ZZZZ fraud
scheme. [Dow
Jones]