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Lazydays Gets Favorable Ruling in Land Issue
Posted By RVBusiness On May 14, 2013 @ 10:39 am In Breaking News | No Comments
The drawn-out court battle pitting Lazydays RV founder Don Wallace against LDRV Holdings Corp., the current owners of the Seffner, Fla., dealership, moved forward last week as a circuit court ruled in favor of Lazydays and LDRV on several key issues.
The dispute, which began brewing as early as 2006, centers on land housing the dealership along I-4 near Tampa, owned by Wallace – bought through I-4 Land Holding Limited Co. – and leased to LDRV. In a statement issued by Lazydays to RVBUSINESS.com, the company noted:
“In 2011, Lazydays exercised the option in its lease to purchase the property on which its dealership is located in Seffner. Its landlord (Wallace) disputed the existence of this option and maintained that Lazydays should remain a tenant. This matter went to trial and last week the court ruled in favor of Lazydays on the issues heard during the trial. This is a multistep process and Lazydays will address the remaining issues as the court requires.”
Court records indicate that Hillsborough County Circuit Court Judge Herbert J. Baumann Jr. ruled that I-4 had breached the purchase contract while also ruling “against I-4 as to all its claims, counterclaims and defenses.”
The court will reconvene in approximately 60 days to “consider arguments concerning the price to be given for the purchase option.”
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