The developer of Nobu Hotel Chicago knew about accounting problems and delays in the project and knew it couldn't be built with a $48 million budget, but it refused to sacrifice quality and luxury to save money, wrongly claiming instead that it was damaged by the project's design contractor, an Illinois federal jury heard Wednesday.
An Illinois contractor spun a web of lies about the construction progress of a Chicago hotel operated by a hospitality company co-owned by actor Robert De Niro, seeking money for work that wasn't being performed and for subcontractors who were not being adequately paid, an Illinois federal jury heard Friday.
An Illinois federal judge held Friday that an Illinois contractor breached its contract with a hospitality company owned by actor Robert De Niro and others for the design and construction of a hotel in Chicago's West Loop, but left it to a jury to decide whether the company engaged in fraud during the $48 million project.
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