December 5, 2022
Sarkis Izmirlian
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Sarkis set for August 2024 trial on $2.25bn CCA claim
Baha Mar’s original developer will see his $2.25bn fraud and breach of contract claim against the project’s main contractor go to a full two-week trial before the New York state court in August 2024.
Baha Mar’s contractor ‘overfunded’ by $113m
Baha Mar’s main contractor was “overfunded” by up to $112.7m during the project’s race to completion, it has been alleged, while at the same time diverting “emergency” financing to pay for its British Colonial Hilton acquisition.
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