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Fla. justices side with state in property dispute

11:24 PM, Sep 27, 2012   |    comments
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TALLAHASSEE, Fla. -- The Florida Supreme Court says the buyers must turn over financial records sought by the state in a lawsuit over the sale of a hospital building and adjoining property.

The justices on Thursday unanimously quashed a decision by the Miami-based 3rd District Court of Appeal, which ruled the request was overbroad.

They also disapproved of similar rulings by various appellate courts.

The case now returns to a Miami trial court.

It stemmed from the state's sale of the Glenbeigh Hospital property to Florida National College of Hialeah for $4.4 million in 2001. The college assigned its rights to American Educational Enterprises, also in Hialeah, which sued the state after a lender put the value at only $2.85 million.

American claims the state misrepresented the value. The state denies that allegation.