October 21, 2024
Baha Mar pictured on Sunday. Photo: Dante Carrer/Tribune Staff
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BREAKING: Appeals court upholds Izmirlian $1.642bn damages award
A New York appeals court has upheld Sarkis Izmirlian's $1.642bn damages award for fraud and breach of contract by CCA over the original Baha Mar project's failure.

Baha Mar crisis ‘averted’ if CCA didn’t purchase British Colonial
Baha Mar’s financial crisis would have been “averted” if its main contractor had properly used $54m to pay the project’s sub-contractors rather than fund the British Colonial’s purchase, a US judge has ruled.
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