Fashion Mall renovator moves to boot minority owner

Miami /
Oct.October 02, 2014 02:15 PM

The Chinese majority owner of a company planning a $300 million Fashion Mall makeover in Plantation is back in court trying to dump the minority owner , who is also project manager on the renovation.

Attorneys for Zhen Zeng Du asked Broward Circuit Judge Jack Tuter to dissolve a Mapuche LLC and allow his son to replace minority partner Wei Chen as project manager, according to the Daily Business Review.

Du alleges that his partner in the Fashion Mall renovation lost some $50 million in project funding by trading on the Australian stock market.

Chen’s attorney, Benjamin Olive of Hackleman Olive & Judd in Fort Lauderdale, argued that Du relied on the third amended agreement when he sued Chen first in federal court. The agreement contains a “judicial dissolution waiver,” meaning a court cannot dissolve the company.

In May, U.S. District Judge James Cohn in Fort Lauderdale dismissed the case for lack of jurisdiction because one party is Chinese and the other a U.S. citizen. [Daily Business Review]Christopher Cameron


Related Articles

arrow_forward_ios
A photo illustration of Brickell City Centre (Illustration by Kevin Rebong for The Real Deal)
Brickell City Centre developer sues Arquitectonica, contractors over alleged defects
Brickell City Centre developer sues Arquitectonica, contractors over alleged defects
Fisher Island (Wikipedia Commons, iStock)
Fisher Island homeowners sue to recover more than $11 million in allegedly “unlawful” assessments
Fisher Island homeowners sue to recover more than $11 million in allegedly “unlawful” assessments
(The Tides South Beach via Facebook)
Chetrit’s Tides hotel on Ocean Drive faces $45M foreclosure lawsuit
Chetrit’s Tides hotel on Ocean Drive faces $45M foreclosure lawsuit
Jonathon Yormak and New World Tower at 100 Biscayne Boulevard (Google Maps)
Australian investors sue East End Capital over downtown Miami office building
Australian investors sue East End Capital over downtown Miami office building
Thor Chairman Joe Sitt, Stefano Ricci CEO Niccolo Ricci and the Miami store. (Getty, Thor, Miami Design District)
Thor Equities sued over alleged unpaid loan on Stefano Ricci Miami Design District store
Thor Equities sued over alleged unpaid loan on Stefano Ricci Miami Design District store
Gil Dezer and renderings of the project (Renderings via Zyscovich Architects)
Neighbors sue to overturn approval of Dezer’s mega project in North Miami Beach
Neighbors sue to overturn approval of Dezer’s mega project in North Miami Beach
Jeffrey Soffer and Turnberry Isle Yacht and Racquet Club
Turnberry Isle condo association sues Jeffrey Soffer affiliate over lobby repairs
Turnberry Isle condo association sues Jeffrey Soffer affiliate over lobby repairs
An Altmed Müv dispensary in Apollo Beach (Altmed, iStock)
Miami Beach faces new legal challenges over medical marijuana restrictions
Miami Beach faces new legal challenges over medical marijuana restrictions
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...