Law360, New York (July 11, 2011, 7:32 PM ET) -- Barnes Bay Development Ltd. on Friday fought a real estate company's claim in Delaware bankruptcy court over $6.8 million in commissions allegedly owed on units sold in the developer’s Caribbean resort, saying the claim is deficient and based on a terminated contract.
IMI Resort Sales LLC and several affiliates filed the proof of claim May 16, alleging Barnes Bay never paid real estate commissions earned in connection with the sale of 76 villas, condominiums and other residences at the Viceroy Anguilla resort.
Barnes Bay filed for...
Barnes Bay Blasts $6.8M Real Estate Commission Bill
To view the full article, take a free trial now.
