Jury Verdict from Fluor Daniel Caribbean, Inc.,
the General Contractor for the Project
|NEW YORK, June 24, 2005 - King & Spalding LLP successfully represented
Humphreys (Cayman) Limited, developer of The Ritz-Carlton Grand Cayman,
in a breach of contract action against Fluor Daniel Caribbean, Inc., and
Fluor Enterprises, Inc., in a three-week jury trial in the United States
District Court for the Southern District of New York. Humphreys was awarded
$28.8 million, plus interest, legal fees and costs.
The jury found in favor of Humphreys after three days of deliberations at the conclusion of a three-week trial in Manhattan. Fluor Daniel Caribbean, Inc., the general contractor for the project, had sought nearly $30 million in damages. The difference between the damages requested by Fluor Daniel and the jury award to Humphreys represents a swing of nearly $60 million.
The 144-acre Ritz-Carlton Grand Cayman beach resort is scheduled for
opening in November 2005.
King & Spalding's trial team consisted of partners Dwight J. Davis (Litigation-Atlanta), Edward G. Kehoe (Litigation-New York) and John W. Hinchey (Global Transactions-Atlanta).
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|Also See:||The $400 million Ritz-Carlton, Grand Cayman Contracting with a Host of Top Names - Greg Norman, Jean-Michel Cousteau, Nick Bollettieri and Others to Create Unique Resort / February 2004|
|Ritz-Carlton Grand Cayman Taps Titan Hospitality for Asset Management / June 2003|