New York-based developer Elad Group says it does not owe local broker David Atwell any fees related to its $1.2 billion purchase of the New Frontier.
Atwell's company, Resort Properties of America, is suing Elad and an escrow company, claiming the brokerage company was the "procuring cause" for the sale.
In response to a July 28 Review-Journal article on the federal lawsuit, an Elad spokesman said the company is confident in its position.
"The company did not engage Mr. Atwell to act as a broker and he did not earn and is not entitled to a commission."
Resort Properties is asking for a $12 million buyer's broker fee plus damages.
Las Vegas Review-Journal
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