Mexican Real Estate Co. Wants $15M Factory Suit Back In US

Law360 (February 22, 2018, 6:46 PM EST) — A Mexican industrial real estate buyer urged the Ninth Circuit on Wednesday to revive its suit accusing a Los Angeles private equity firm of concealing certain circumstances surrounding the sale of a $15 million manufacturing facility, saying an order sending the dispute to arbitration in Mexico has left it without a remedy.

Finsa Portafolios SA de CV accuses OpenGate Capital LLC and its subsidiaries of failing to disclose that a Mexican laboratory-furniture manufacturing facility it sold to Finsa was purportedly overrun by a drug cartel, while…

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