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Dubai's Dubious Bet
The good folks at Dubai World are desperately seeking an oasis in the Las Vegas desert. Sadly, all they have stumbled upon is a Mirage(MGM Quote).
Dubai World, a developer, is suing MGM Mirage because it's worried about the viability of the CityCenter complex, an $8.6 billion joint project between the two companies.
In a lawsuit filed Monday in Delaware Chancery Court, Dubai World subsidiary Infinity World claims that MGM Mirage's statements about its financial condition put the project at risk. Infinity World is asking the court to award it unspecified damages and relieve it of its obligations under the venture. ...
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