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6-F Corp. v. BDP International Finance Corp.
Citations: 29 So. 3d 352; 2010 Fla. App. LEXIS 1572; 2010 WL 532875Docket: No. 3D08-3238
Court: District Court of Appeal of Florida; February 16, 2010; Florida; State Appellate Court
Pedro Castillo and his associated companies (6-F Corporation, First Affiliated Securities, Intertrade Development Corp., and Top of the Bridge Corp.) face an adverse final judgment in a civil theft case brought by Banco Dominicano Del Progreso, S.A., BDP International Finance Corporation, Caribbean Card Systems, Inc., and Crediprogreso, S.A. The trial court found that Castillo misappropriated millions from the plaintiffs, leading to claims of conversion, civil theft, fraud, breach of fiduciary duty, indemnification, and constructive trust. After a ten-day bench trial, the court ruled in favor of the plaintiffs on all counts, awarding approximately $80 million in treble damages for civil theft, to be paid jointly and severally by all defendants. On appeal, the defendants challenged the joint and several treble damages, arguing that the trial court erred in its decision. However, the appellate court affirmed the trial court's judgment, stating that the civil theft count adequately implicated Castillo's companies and established their joint liability. The court referenced previous cases to support the validity of the plaintiffs' claims and the appropriateness of the damages awarded. Thus, the appellate court affirmed the trial court's ruling in favor of the plaintiffs, validating the joint and several liability for treble damages against the defendants.