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Jury awards more than $22 million in hotel construction dispute over funds- Emma Oxnevadeoxnevad@lawbulletinmedia.comA federal jury awarded more than $22 million in damages to a hotel developer Thursday in a lawsuit over alleged misuse of construction funds for its Nobu Hotel in Chicago’s West Loop.NHC LLC — which owns the...
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.
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.