Florida's Homestead Exemption - Now Even Stronger?
In January, 1981 Havoco of America, Ltd., a Delaware Corporation, filed suit in the
united States District Court for the Northern District of Illinois against Sumitomo
Corporation of America and Elmer C. Hill, alleging inter alia, that Athrough fraud, conspiracy
to defraud, tortious interference with contractual relations and breach of fiduciary duty@ Hill
coerced Havoco into assigning a coal sales contract with the Tennessee Valley Authority
to a third company. Havoco of America Ltd. v. Sumitomo Corporation of America and
Elmer C Hill, 971 F.2d 1332, at 1335 (7th Cir. 1992). This case was appealed to the 7th
Circuit Court of Appeals three times1 on various issues before final judgment was entered
against Mr. Hill on December 19, 1990. Havoco of America, Ltd., v. Hill, 197 F.3d 1135
(11th Cir. 1999). The case would probably be of little interest to Florida Bar members but
for Mr. Hill's decision - like that of many out of state2 business owners - to retire in Florida.
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