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Lennar Settles with Nemeses Michael Morgan
Thursday, 20 September 2007

Lennar, Stuart real estate broker settle suit out of court
More than a year and 27 thick volumes of court paperwork after it was filed, the lawsuit between Lennar Corp. and the Stuart real estate broker crusading against the homebuilding company has been dismissed.Circuit Judge Larry Schack congratulated Lennar and defendant Michael Morgan and ordered the case closed Aug. 29 after receiving notice they had reached a confidential settlement.

Circuit Judge Larry Schack congratulated Lennar and defendant Michael Morgan and ordered the case closed Aug. 29 after receiving notice they had reached a confidential settlement.

In June 2006, Lennar filed a lawsuit seeking an injunction against Morgan, 51, for allegedly violating the company’s trademark and attempting to defame the company through a Web site and e-mail list serv dedicated to posting reports of Lennar home defects. As a result of the settlement, Lennar now has control over Morgan’s former site, www.defective-homes.net.

Lennar’s federal lawsuit against Morgan has also been dismissed.

Although he is not permitted to go into details about the settlement, Morgan said Wednesday that it was impossible to continue fighting the nationwide giant. At one point, he had four law firms helping him, but $100,000-a-month legal fees ultimately forced him to represent himself.

“The legal system favors money,” he said. “It was next to impossible for me to keep up with three different law firms and two dozen attorneys.”

He said he now plans to concentrate on his work as a real estate consultant.


#1 Posted by jy on September 12, 2007 at 3:18 p.m. (Suggest removal)

If you make a settlement then live with it and don't blame the system---or don't agree to the settlement!

#2 Posted by flengel on September 12, 2007 at 4:25 p.m. (Suggest removal)


#3 Posted by wavesuds3011 on September 12, 2007 at 8:37 p.m. (Suggest removal)

Mike Morgan does not know me but I know him.

I called to ask about buying a home I had my eye on.

His advice? Dont buy it. Wait.

He gave advice to a stranger that might have cost him a commission in the short term. In the long term I am certain advice like that has served him well.
He strikes me as a man of integrity and is clearly quite knowledgable.

Best of luck Mr. Morgan.

As an aside I will NEVER by a Lennar home now!

#4 Posted by rnelson on September 12, 2007 at 10:29 p.m. (Suggest removal)

Lennar sucks. Don't worry, what Mr. Morgan couldn't do, the economy will do. Put the big homebuilders into the grave. Money and power only go so far in a greedy corrupt society. They are all about to find out what happens when things come apart. It will take all the thieves down with them. Read the Miami Hearald today on big developers who are going under. This is just the beginning.
Thank you for trying Mr. Morgan. You will do more to help people in the future. Lennar can never take that away from you. All the money they spent on lawyers and taking care of their political friends, they will soon wish they had back.

#5 Posted by wavesuds3011 on September 12, 2007 at 11:16 p.m. (Suggest removal)

I read the Miami hreald story.

Some dope got a lot of money from worse dopes at the bank and elsewhere. Now they are going broke.

Has little or nothing to do with the big guys. They will be here. Lennar in particular is faring quite well during the downturn. Selling off all the investory they can at fire sale prices to generate cash.

The housing market is down not out. 18 months from now there wont be ANY construction and pent up demand will drive prices back up.

If you buy a home in Florida today at a reasonable price you will do well.

#6 Posted by rnelson on September 15, 2007 at 7:24 a.m. (Suggest removal)

I disagree, American jobs of the past are gone forever. Lower wages support lower prices once creative financing is removed. Higher taxes and home owners insurance, along with everything else, brings down living standards. The bottom line is, houses will have to get smaller to be more affordable to the masses. It is different this time.

#7 Posted by will on September 15, 2007 at 3:08 p.m. (Suggest removal)

wavesuds- would you be happy with Mr. Morgan if you were the seller of that home?

FYI Mr. Morgan offers ala carte Real Estate services. Basically he gets sellers money up front for services he provides them, unlike traditional Realtors, therefore whether the house sells or not he gets paid.

If he's, according to you, not looking out for his clients best interests I highly doubt he was looking out for yours.

#8 Posted by nseats on September 18, 2007 at 9:22 a.m. (Suggest removal)

The real estate cartel of which Lennar is a part has gone totally unregulated for far too long. Substandard construction, predatory/fraudulent financing, etc., has destroyed the "American Dream" of home ownership for tens of thousands of Americans all across this country. The political power of the NAR, NAHB, and Mortgage Bankers together allows them to write legislation and buy the passage of it to the detriment of all homebuyers. Thanks to the internet the word is getting out, but now their deep pockets allow them to hire multiple attorney's to silence those who attempt to tell the truth. The state of democracy in America today is sad to be sure. The chicanery of this entire industry has caused a financial crisis all around the world.


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