First American Development Group/Carib, LLC v. WestLB AG

MEMORANDUM OPINION

(August 24, 2011)

First American and WestLB have been engaged in litigation for nearly two years over the development of a luxury residential community in St. John.1 Having reviewed the record and the parties’ submissions, the Court now grants WestLB’s request to enter summary and default judgment in its favor.

BACKGROUND

The Court will be brief in its discussion of the facts of this case, because much of the procedural and factual history of the case has been discussed in previous opinions.2

First American Development Group/Carib LLC3 filed this lender liability suit because,…