ARNOLD F. SOCK, Attorney At Law Opines On: Comerica Bank and some of its Executive are Defendants in a $4,400,000,000 Racketeering Suit
Comerica Bank and several of its executives were hit Monday with a $4.4 billion racketeering suit in Florida federal court alleging they helped a Florida billionaire put a Canadian yacht construction company out of business.
Worldspan Marine Inc. claims Comerica Bank helped Harry Sargeant III — who owns oil refineries, asphalt shipping companies and other entities — put the British Columbia yacht builder out of business by failing to pay for a 144-foot superyacht he ordered (U.S. District Court for the Southern District of Florida Worldspan Marine Inc. et al v. Comerica Bank et al 1:18-cv-21924).
Comerica and Sargeant "undertook a continuing, ruthless, and relentless pattern of.behavior.
If true, this is reprehensible conduct by a large bank, and wealthy businessman. Such behavoir is dishonorable.
Opinion by ARNOLD F. SOCK, Attorney at Law