Industry: Media & Entertainment

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This dispute concerns the breach of a settlement agreement reached after years of litigation that was intended to resolve a long-standing dispute between Omar Romay and radio station conglomerates including Caribevision and America CV Station Group. The breach relates to the failure to distribute millions of dollars received pursuant to a FCC auction of spectrum bandwidth and the failure to sell Puerto Rican television stations. Days before the start of the jury trial, a Miami-Circuit Judge entered a highly favorable order for MM&H’s client interpreting the settlement agreement as a matter of law and held that MM&H’s client was owed at least $8.9 million dollars from the proceeds that were received from the FCC auction. Left for trial was the issue of the additional value of the Puerto Rican stations.

On the day before the jury trial, the defendants filed for chapter 11 bankruptcy. MM&H is now representing Mr. Romay in connection with the bankruptcy cases, pending in the Southern District of Florida (Miami Division).