Apple Restaurant and Kore Nightclub South Beach Named In Securities Fraud Lawsuit

Apple Restaurant & Lounge and Kore nightclub may some day be the coolest places on South Beach. That is, if they ever get past the controversy with investor Bert Hurstfield.

On April 16, 2009, Husrtfield sued South Beach Restaurant Authority, Steve Marlton and Barron Kidd, the people behind Apple and Kore. The restaurant and club at Washington and 14th Street has been delayed; Marlton recently told New Times the cause was "all this bad weather."

But there may more to the story. The seven-count lawsuit alleges securities fraud, breach of fiduciary duty,

breach of contract, constructive trust, accounting, breach of oral

contract, and unjust enrichment.

Hurstfield contends he invested $500,000 for a stake in the Miami branch of the club, which is headquartered in Los Angeles. Then he invested $338,000 more. He claims Marlton and Kidd -- through what the suit terms a "manager" named Sean Saladino -- misrepresented their investment in the property -- allegedly $1.5 million. 

Hurstfield says the agreement would have made him an equity shareholder in South Beach Restaurant Authority, entitled to 25% of profits from the Club.

Crystal Berry, a spokeswoman for the restaurant, declined comment. 

Who is Bert Hurstfield and what's his story? Stay tuned as we continue to dig up the facts. For now, enjoy scans of the first 8 pages of the lawsuit....

Keep New Times Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Miami and help keep the future of New Times free.

Keep Miami New Times Free... Since we started Miami New Times, it has been defined as the free, independent voice of Miami, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Miami with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the New Times community and help support independent local journalism in Miami.


Join the New Times community and help support independent local journalism in Miami.