Yesterday, the Sixth District Court of Appeals ruled 3-0 in favor of Wells Fargo in an appeal filed by Peter Pau regarding the Town Center receivership. Pau had claimed that the bank’s actions to appoint a receiver and perform a receiver sale were not proper. When the trial judge ruled against Pau, he appealed, and his appeal has now been tossed out.
This is only a minor victory towards the legal resolution of the Town Center, and it hopefully ends one of the independent legal threads that Pau has spun off in his efforts to block progress (although this ruling can also be appealed to the State Supreme Court). Two other appeals continue. [Note that I previously said that oral arguments on the main one were recently heard – the oral arguments in question actually involved this appeal. I apologize for the error – Jim]
This is definitely a “two steps forward, one step back” situation, unfortunately.