PE Firm Says Property Fraud Fight Should Play Out In Mexico

Law360 (June 2, 2020, 5:33 PM EDT) -- A private equity firm again urged a California court Monday to toss or compel arbitration of a recently reopened dispute with a Mexican industrial real estate buyer over the sale of a $15 million manufacturing facility.

OpenGate Capital LLC told U.S. District Judge Gary Klausner that it has resolved issues that prevented it from arbitrating the dispute with Finsa Portafolios SA de CV in a Mexican forum. The suit was reopened after OpenGate did not consent to Mexican jurisdiction following a ruling that the parties must arbitrate claims accusing it of defaulting on a sale-lease back agreement and failing to disclose...

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