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Village attorney reports Palm Beach Polo hearing rescheduled; about $9.3 million cash bond held in escrow
Summary
Village legal counsel said a hearing on Palm Beach Polo’s motion to stay release of escrowed funds was postponed; the hearing is now set for April 1 and the village reported roughly $9.3 million is being held in escrow with an interest rate cited at 9.3% on judgment amount.
The Village Attorney provided an update on litigation involving Palm Beach Polo and the escrowed cash bond held by the village.
Counsel said a previously scheduled hearing on Palm Beach Polo’s motion to stay release of the funds was canceled by the court and has been rescheduled for April 1. The village also had sought…
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