March 12, 2020
The buyer of a luxury superyacht and his financier, Comerica Bank, permanently escaped a $4.4 billion racketeering suit alleging an illegal bidding scheme after a Florida federal judge dismissed the case Thursday on the recommendation of a federal magistrate judge.
February 28, 2020
A Florida federal magistrate judge recommended a permanent end to a $4.4 billion racketeering suit over an illegal bidding scheme for a luxury superyacht, finding that after several chances, the builder of the yacht has yet to make its case against the buyer.
February 25, 2019
A federal magistrate judge in Florida has recommended dismissing a $4.4 billion racketeering case brought by the builder of a luxury superyacht against the buyers and the bank financing the deal-gone-sour, citing "shotgun" claims and confusing accusations as to who allegedly conspired to do what.
February 01, 2019
A Florida federal judge Friday tossed Comerica Bank's request to sanction a Canadian yacht-building company for filing a "scurrilous" suit accusing the bank of participating in a $4.4 billion racketeering scheme to put the company out of business, saying the bank didn't show the suit was filed as harassment.
December 05, 2018
An attorney and a Canadian yacht-building company accused by Comerica Bank of pursuing a "scurrilous" $4.4 billion racketeering lawsuit sought to sink the bank's sanctions bid in Florida federal court Tuesday, labeling it a "ludicrous submission" that plays with facts that pushed the company to seek bankruptcy protection.
November 07, 2018
Comerica Bank on Tuesday urged a Florida federal court to sanction a Canadian yacht-building company and its attorney for their "wildly implausible" contention in a "scurrilous" suit that the bank participated in a $4.4 billion racketeering scheme involving a Jordanian prince to put the company out of business.
May 15, 2018
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.