Humana Medical Plan, Inc. v. Greater Miami Lakes HMO, P.A.
Docket: No. 95-409
Court: District Court of Appeal of Florida; September 13, 1995; Florida; State Appellate Court
The court determined that the appellants failed to meet the requirements outlined in the Termination Agreement with the appellee doctors regarding the “Total Net Indebtedness.” Specifically, the appellants did not recalculate the indebtedness, did not inform the escrow agent that the net indebtedness exceeded $125,000, and did not substantially comply with the agreement's provisions. Consequently, the appellants were not entitled to any proceeds from the escrow agreement, which were correctly returned to the appellee doctors. As a result, the appellee doctors are not indebted to the appellants, and the escrow agent bears no liability to the appellants. The trial court's summary judgment in favor of all appellees was affirmed, and the appellants' counterarguments were not persuasive.