(Trinidad Guardian) The US company which sold 6,000 acres of land in Florida to British American has sued the insurance company, a subsidiary of the beleaguered CL Financial group, to recover US$38.2 million in a move which could end with the lender owning British American Trinidad. British American bought the 6,000 acres of Florida land, described as rural, from Green Island Holdings LLC for US$300 million (TT$1.8 billion) in January 2008 with US$250 million of borrowed money. Green Island Holdings lent British American US$56.5 million to make the purchase
