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Florida RE Development Group Files Million Dollar Lawsuit

Fat Cat Real Estate has been hammered, and as real estate developers and owners, Maria Gudelis and Rudy Straat are fighting mad. They just aren't going to take it anymore.

They have filed a $1 million-plus lawsuit in Walton County Florida Court, Case Number 07000638CA, claiming -- among other items -- Fraudulent Inducement, Professional Negligence, Negligent Misrepresentation and Conspiracy to Induce against several individuals involved in the Southaven Town Home Development project.

"Aside from being libeled on a daily basis -- aside from former friends taking letters we write and rearranging words -- creating entirely new sets of problems for us; as well as having people think we have received monies owed -- when we haven't -- we're going to go about solving this quite simply," says Maria Gudelis, CEO of Fat Cat Real Estate. "We're going to file suit against them. We're going to take them to court and let the courts order them to pay us what they legally agreed to pay us. I don't mean to sound petty, but business is business. We're tired of this, and we're just not going to take it anymore."

Rudy Straat, the other half of Fat Cat, says, "People seem to think that they can say anything they want about us. We've decided to see if our courts will allow that to occur without punishment. We don't think they will.Moreover, we're no longer going to let people call us, abuse us, and threaten us. It's time to fish. The big fish are feeding, and the frenzy is on."

Gudelis and Straat, once award-winning "darlings" of the real estate industry were courted by the largest real estate developers and eagerly sought after for their expertise in developing real estate opportunities. Gudelis was actually referred to as "The Real Estate Diva" by many in the industry, and the two had significant financial ties to several real estate developers.

Many of these relationships quickly turned into "bad receivables" on the Fat Cat/Panther Investments books. Some of these can be viewed at the

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