Failed Vegas Resort Execs Say Trustee's $3B Suit Won't Fly
Law360, Miami (November 21, 2013, 8:53 PM EST) -- Former executives of the failed $2.9 billion Fontainebleau Las Vegas resort and casino project asked a Florida bankruptcy judge on Thursday to dismiss the Chapter 7 trustee's $3 billion suit against them, saying the trustee had failed to properly allege improper behavior.
In a hearing before U.S. Bankruptcy Judge A. Jay Cristol, attorneys for the 11 alleged insiders of Fontainebleau Resorts LLC, including real estate mogul and Fontainebleau principal Jeffrey Soffer, said that despite having filed a 240-page complaint, trustee Soneet Kapila had simply alleged the same claims against all the defendants and didn't allege enough specific facts to back up...
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