Developers' Claims Nixed In Scotiabank Road Project Feud

Law360, New York (March 17, 2014, 8:39 PM EDT) -- A New York judge on Monday dismissed claims from lawsuits brought by developers that accuse the Bank of Nova Scotia of botching their shot at a lucrative Chilean toll road project, saying he was not convinced the bank had been grossly negligent.

During oral arguments, New York Supreme Court Judge O. Peter Sherwood said the bank’s misstep, in which it provided flawed financial models that caused the developers to miss out on the project, doesn't rise to the level the plaintiffs need to sustain much of...
To view the full article, register now.