Trump Panama Hotel Suit Plows Ahead in NY, As Stay Is Nixed

Law360, New York (November 14, 2019, 9:10 PM EST) -- A Manhattan federal judge waived off a bid to stall discovery in fraud litigation brought by owners of luxury hotel units in Panama after they argued that President Donald Trump's management companies had violated a previously-agreed-upon pause.

During a brief hearing on Thursday afternoon, U.S. District Judge Edgardo Ramos rejected the motion for a stay by counsel for Ithaca Capital Investments I SA, Ithaca Capital Investments II SA and their president, Orestes Fintiklis, who argued that Trump Panama Hotel Management LLC and Trump International Hotels Management LLC had "reneged" on a deal to halt discovery.

After hearing the Trump companies' counsel...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!