McGuireWoods Atty Sued Over Contract Breach In Island Deal

Law360, New York (May 29, 2013, 7:10 PM EDT) -- The trustee for the liquidated hedge fund SageCrest II LLC on Tuesday filed a $13 million breach of contract suit in New York federal court against a McGuireWoods LLP real estate partner and two businessmen alleging they fraudulently wrested control of a 125-acre Honduran island property while working on behalf of the fund.

SageCrest trustee John D. Huber says McGuireWoods partner T. Craig Harmon and businessmen John Mannix and R. Jeffrey Gwin engaged in self-dealing by secretly granting themselves a mortgage on the Roatan island property...
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