Generally speaking, GSG and Harcourt created a development partnership whereby GSG would manage the development and Harcourt would be responsible for providing all the equity needed to finance construction. The lawsuit was filed in April 2008 after Harcourt decided not to provide the necessary equity.
The amended complaint revives key claims such as breach of contract and breach of fiduciary responsibility, and adds new ones including fraud and negligent misrepresentation, according to court documents reviewed by GlobeSt.com. In Monday's hearing, Judge Denton was scheduled to hear to the defendant's motion to dismiss for lack of jurisdiction on behalf of the Irish defendants and a more general motion to dismiss the first amended complaint.
"We're very confident that eventually this case will get to a jury," John Manly, the plaintiff's attorney, told GlobeSt.com in December, the week before the judge allowed the amended complaint.
To read previous stories on the case, click on any of the following headlines:
Judge OKs Amended Sullivan Square Complaint
GSG Seeks Amended Sullivan Square Complaint
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
