>Law firm sued for $25M in sale of Hafadai hotel

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>Members of the Tenorio, Guerrero, and Borja families of Saipan who were minority shareholders of Saipan Hotel Corp. and Pacific Development Inc. filed an amended complaint in the CNMI Superior Court on March 3 against their former law firm, Carlsmith Ball, and several of its partners.

The lawsuit claims that the law firm and a number of the firm’s partners in Honolulu and Saipan were instrumental in carrying out a scheme to deceive the local shareholders and strip away their shares in the Hafadai Beach Hotel for the benefit of the firm’s Japanese and U.S. clients. The suit, which was originally filed in July 2009, asks for general and punitive damages in excess of $25 million.

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