Investor Group's Win Upheld In $1B Las Vegas Project Fight

Law360, New York (February 28, 2012, 4:10 PM EST) -- A New York state appeals court affirmed a judgment Tuesday in favor of investor group NAMA Holdings LLC in a dispute over a billion-dollar Las Vegas retail development that venture defendants argued had already been decided by an arbitration panel.

A five-judge panel for the Appellate Division of New York Supreme Court, First Judicial Department, found that a lower court was right in ruling that the California arbitration panel, which awarded NAMA $22 million in 2009, had not laid all of the disputes in the matter...
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