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Ace Hotel Exec Tried To Steal Late Founder's Stake: Suit

By Y. Peter Kang (October 17, 2016, 8:20 PM EDT) -- The estate of the late founder of the boutique hotel chain Ace Group International LLC lodged a $14.5 million breach-of-contract suit Monday in New York state court accusing the company's president of hiding its true financial condition in order to cheaply acquire the estate's majority interest....

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