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Comerica Bank, Execs Hit With $4.4B Racketeering Suit

Law360 (May 15, 2018, 11:01 PM EDT) -- Comerica Bank and several of its executives were hit Monday with a $4.4 billion racketeering suit in Florida federal court alleging they helped a Florida billionaire put a Canadian yacht construction company out of business.

Worldspan Marine Inc. claims Comerica Bank helped Harry Sargeant III — who owns oil refineries, asphalt shipping companies and other entities — put the British Columbia yacht builder out of business by failing to pay for a 144-foot superyacht he ordered.

Comerica and Sargeant "undertook a continuing, ruthless and relentless pattern of...
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Case Information

Case Title

Worldspan Marine Inc. et al v. Comerica Bank et al

Case Number



Florida Southern

Nature of Suit

Racketeer/Corrupt Organization


Federico A. Moreno

Date Filed

May 14, 2018


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