State Retains Outside Counsel to Sue Over Failed Digital Domain Deal

Today, Governor Scott’s General Counsel Peter Antonacci announced that outside legal counsel has been retained by the Department of Economic Opportunity to file suit against Digital Domain and related parties.

General Counsel Peter Antonacci said, “The IG investigation into the 2009 Digital Domain deal revealed that the usual state regulatory processes were circumvented to give Digital Domain tens of millions of dollars in taxpayer funds. The collapse of the Digital Domain project, which was promoted by the previous Administration, then left Florida taxpayers on the hook. The state has hired outside counsel to identify any and all legal action available against the company and any other individuals involved in wrongdoing related to this bad deal. We expect to announce specific legal action in the coming weeks.”

In March 2013 the Florida Chief Inspector General issued a report on the 2009 incident where Florida improperly provided $20 million in incentive funding to Digital Domain under the premise that 500 jobs would be created in St. Lucie County. Digital Domain ultimately created zero jobs and filed for bankruptcy in September 2012. For the full Inspector General report click HERE.


Comments are closed.