MIAMI – California bank files lawsuit against Florida corporations, alleging that they stole and refused to return aircraft engine parts, leading to a $500,000 financial loss in the sale of the engine.
Preferred Bank and its assignee PBOFA LLC filed a lawsuit in federal court against Florida corporations, Eko Green Industrial, and Aerospace Maintenance Supplies & Services, citing allegations of civil theft and conspiracy in violation of Florida's Civil Theft Law.
According to court documents, the dispute centers around Preferred Bank's secured interest in specific components of an aircraft engine, namely the Stage 1 and Stage 2 High-Pressure Turbine Disks.
Despite Preferred Banking having a recorded lien on the disks, AMS is accused of knowingly acquiring and using these disks without authorization. Subsequently, AMS transferred the disks to affiliate company Eko Green, which attempted to sell them to a third party. When Preferred Bank demanded the return of the disks, the defendants continued to refuse. The plaintiffs eventually sold the engine as-is without the disks, but at a $500,000 financial loss.
The plaintiffs claim that their damages are in excess of $550,000 and are seeking treble damages totaling $1,650,000, plus interest, attorney's fees, court costs, and any other relief the court deems proper.
The plaintiffs are represented by attorneys Caroline Herter and Leyza F. Blanco of Sequor Law in Miami.
U.S. District Court for the Southern District of Florida case number 1:23-cv-24309