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A federal jury in the Northern District of Illinois recently awarded nearly $23 million to the developer of a luxury hotel in Chicago’s trendy West Loop arising from multiple breaches...
A jury sided with owners of Nobu Hotel Chicago, awarding it both compensatory and punitive damages, in a fraud suit against the company hired to construct it.
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.
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.
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.