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August 3, 2005

Ritz Developer Award Stayed

Intro:

Having anticipated receiving some $28 million in damages from its erstwhile general contractor, Fluor Daniels, after winning a legal battle in New York, Humphreys Cayman Ltd, better known here as the Ritz-Carlton Grand Cayman developer, may yet be disappointed.

Excerpt:

According to sources at Offshore Alert, the Miami-based financial newsletter, the judge who presided over the case has granted a stay of the award in the wake of Fluor Daniels’ motion to have the verdict overturned.

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