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No Fraud In Nobu Hotel Chicago Project, Jury Is Told

The developer of Nobu Hotel Chicago knew about accounting problems and delays in the project and knew it couldn't be built with a $48 million budget, but it refused to sacrifice quality and luxury to save money, wrongly claiming instead that it was damaged by the project's design contractor, an Illinois federal jury heard Wednesday.
United States Peter Alexopoulos Matthew Kennelly Spiro Tsaparas Celeste Bott Centaur Construction Co
Source: law360.com

BREAKING: Jury Awards $23M In Damages For Nobu Hotel Chicago Fraud

A construction company tasked with designing and building the Nobu Hotel Chicago and two of its executives are liable for fraud over misrepresentations it made during the project, an Illinois federal jury found Thursday, awarding the hotel's developer nearly $23 million in total damages.
United States Spiro Tsaparas Robert Deniro Celeste Bott Nobu Hotel Centaur Construction Co
Source: law360.com

Contractor Lied About Nobu Hotel Chicago Project, Jury Told

An Illinois contractor spun a web of lies about the construction progress of a Chicago hotel operated by a hospitality company co-owned by actor Robert De Niro, seeking money for work that wasn't being performed and for subcontractors who were not being adequately paid, an Illinois federal jury heard Friday.
United States Peter Alexopoulos Robert De Niro Matthew Kennelly Spiro Tsaparas Celeste Bott
Source: law360.com

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Ill. Lender Says CFPB Redlining Suit Violates 1st Amendment

A Chicago mortgage lender told an Illinois federal judge on Wednesday that the Consumer Financial Protection Bureau's suit attempting to hold it liable for allegedly disparaging majority-Black neighborhoods is based on a regulation in "flagrant" violation of the First Amendment and must be dismissed.
United States Barry Sturner Steve Simpson Franklinu Valderrama Celeste Bott Consumer Financial Protection Bureau
Source: law360.com

JPMorgan Traders Guilty Of Spoofing But Beat RICO Charges

An Illinois federal jury on Wednesday convicted two former JPMorgan traders on charges that they tricked outside commodities traders with fake precious metals orders to misrepresent market demand and maximize their own profits, but acquitted them and a third defendant of racketeering and conspiracy charges.
United States Mike Nowak Lauraann Wood Celeste Bott Gregg Smith Jeffrey Ruffo
Source: law360.com

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