A Chinese insurer has been awarded nearly $15 million in damages by a California federal judge. The award followed allegations of a man conspiring to fraudulently claim ownership of several luxury properties, including New York City’s JW Marriott Essex House Hotel. The accused failed to present himself in court.
Details of the case are evolving and further information can be accessed here.
Given the significant sum awarded, this settlement marks another noteworthy event in the ongoing discussions surrounding hospitality industry assets and their respective legal protections.