Abu Dhabi Investment Arm Sued Over Dropped Deals

Law360, New York (March 1, 2010, 4:40 PM EST) -- Capital Trans International LLC has filed suit against Abu Dhabi’s International Petroleum Investment Co., alleging the state-owned investment fund sabotaged numerous high-profile deals CTI lined up — including the acquisition of the Four Seasons hotel chain — after the plaintiff refused to dole out massive kickbacks.

The complaint, lodged Friday in the U.S. District Court for the Middle District of Florida, claims IPIC and two Abu Dhabi affiliates contracted CTI to scout out and set up numerous acquisitions, only to renege on the deals and withhold...
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