Hotel Online  Special Report

Ritz-Carlton Grand Cayman Developer Wins $30 million
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.

Aliso Viejo, California - June 24, 2005 - During the course of the project, Fluor ceased work on extra facilities the developer added to the project scope without demonstrating the availability of funding to pay for such extra work. Fluor continued to perform the original contract base work. In January 2004, Fluor filed suit to force collection of invoices for work that had been performed by Fluor. Subsequent to the filing of the suit, the developer terminated Fluor, claiming that Fluor's lack of progress constituted a material breach of the contract. The jury's verdict awarded the developer damages in the amount of $28.8 million. Fluor strongly believes that this verdict is not supported by the facts or by applicable law and will pursue all possible avenues of reconsideration or appeal.

Lisa Boyette 
Fluor Corporation
One Enterprise Drive
Aliso Viejo, California  92656

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).

About King & Spalding LLP
King & Spalding LLP is an international law firm with more than 800 lawyers in Atlanta, Houston, London, New York and Washington, D.C. 


King & Spalding LLP

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

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