Baha Mar settles 12.2m Harrah's legal demand

Mon, Dec 27th 2010, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

Baha Mar has agreed to pay US gaming giant Harrah's Entertainment $12.174 million to cover the legal costs it incurred in defending itself against the Cable Beach developer's breach of contract and other claims made over their failed $2.6 billion joint venture.

The settlement, part of a total $25 million legal bill that Baha Mar has incurred, the balance coming from its own legal team's fees, was filed with the New York State Supreme Court last month.

The motion stated that the dispute over Harrah's legal fees had been "resolved in accordance" with a report provided by a special referee back in August 2010. As a result, a December ...

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