Harcourt sued in USA over $800m scheme

HARCOURT are being sued in the USA over an $800m Las Veg-as property development.

Harcourt had a lawsuit filed against them in Nevada just over a month ago over disputes involving the luxury residential and retail project. They are also being sued in Dublin over property deals involving the Esplanade Quarter and Liberty Wharf.

Speaking from California, attorney John Manly said: ‘There is a lawsuit filed in Clark County District Court alleging serious misconduct involving millions of dollars by Harcourt and a number of its directors. These allegations include conspiracy and fraud.’

He added: ‘My clients, the plaintiffs in the lawsuit, are good and decent people. They are well respected developers with 70 years combined experience developing real estate in Nevada and across the United States.

The complaint alleges that my client’s experience with Harcourt has been nothing short of devastating.’

Harcourt have strongly denied all the allegations relating to the $800m high-rise project called Sullivan Square in Las Vegas and the claims being made against them about developments in Jersey.

In a statement released yesterday, Harcourt director Patrick Power said: ‘Harcourt confirm that all of the companies involved in the Liberty Wharf and Esplanade Quarter projects are its wholly owned subsidiaries and that these projects are 100% financed by Harcourt. Certain parties are claiming a partial interest in the share capital of these companies, and this claim is being stoutly resisted by Harcourt in the Commercial Court in Dublin.’

Mr Power continued: ‘Separate allegations were also made this morning alleging ongoing legal action against Harcourt over a development in Nevada. Any formal proceedings will be vigorously defended by Harcourt’s Nevada subsidiary as we maintain that they are entirely without merit.

‘We would like to reassure Islanders that these disputes, such as they are, will have no bearing on what is achieved in Jersey. Harcourt is 100% committed to the delivery of a world-class waterfront development of which the Island can be proud.’

*Picture: An artist’s impressionn of the Las Vegas Sullivan Square development

– Advertisement –
– Advertisement –