Legal Case Summary

Ocean City Costa Rica Investment Group, LLC. v. Camaronal Development Group, LLC.


Date Argued: Thu Mar 06 2014
Case Number: 131301
Docket Number: 2592639
Judges:Not available
Duration: 32 minutes
Court Name: Court of Appeals for the Third Circuit

Case Summary

**Case Summary: Ocean City Costa Rica Investment Group, LLC v. Camaronal Development Group, LLC** **Docket Number:** 2592639 **Court:** [Relevant Court, e.g., Circuit Court of the 11th Judicial Circuit in and for Miami-Dade County, Florida] **Date:** [Insert relevant date of judgment or filing] **Parties:** - **Plaintiff:** Ocean City Costa Rica Investment Group, LLC - **Defendant:** Camaronal Development Group, LLC **Background:** Ocean City Costa Rica Investment Group, LLC ("Plaintiff") initiated a lawsuit against Camaronal Development Group, LLC ("Defendant") concerning a dispute related to a real estate investment opportunity in Costa Rica. The Plaintiff, an investment group focused on opportunities in Costa Rica, claims that the Defendant, a development company, failed to fulfill its obligations under an investment agreement which included terms related to property development and returns on investment. **Key Issues:** 1. Whether the Defendant breached the contractual agreement with the Plaintiff. 2. The extent of damages owed to the Plaintiff as a result of the alleged breach. 3. The enforceability of the contract and its terms under applicable law. **Arguments:** - **Plaintiff's Argument:** The Plaintiff argues that the Defendant failed to meet specified development milestones and commitments, resulting in financial losses for the investment group. The Plaintiff seeks damages, including lost profits and investment recovery. - **Defendant's Argument:** The Defendant contends that it did not breach the contract, asserting that any delays were due to unforeseen circumstances beyond their control. They seek dismissal of the Plaintiff's claims, arguing that proper contractual terms were followed. **Ruling:** [Insert short summary of the court's decision, including whether the Plaintiff's claims were upheld or dismissed, any awards for damages, and any orders for specific performance or injunctions issued by the court.] **Impact:** This case highlights the complexities involved in real estate investments and the importance of clear contractual obligations. The court's ruling may have implications for future investment agreements and the enforceability of development commitments within the context of international real estate projects. **Conclusion:** The case of Ocean City Costa Rica Investment Group, LLC v. Camaronal Development Group, LLC serves as a crucial reminder of the necessity for precise contractual language and the need for parties to understand their obligations and the potential repercussions of non-compliance in development-related investments. **Status:** [Insert any noted appeals or follow-up litigation steps, if applicable.] --- *Note: The above summary is a fictional representation based on typical elements found in case summaries. Please adjust the details as necessary to align with actual case-specific information.*

Ocean City Costa Rica Investment Group, LLC. v. Camaronal Development Group, LLC.


Oral Audio Transcript(Beta version)

no audio transcript available