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February 17, 2010
Texas Rangers owner sued in construction dispute
DALLAS
A lawsuit accuses the Texas Rangers and companies controlled by owner Tom Hicks of failing to pay US$6.9 million for architectural and construction work.
The lawsuit filed in state district court by RTKL Associates Inc. and Vratsinas Construction alleges that the firms are owed the money for work on a proposed development next to Rangers Ballpark in Arlington, as well as on the stadium itself.
It charges the Rangers and other Hicks-related entities with breach of contract, unjust enrichment, fraudulent misrepresentation and fraudulent transfer.
Hicks Sports Group has agreed to sell the team to a group headed by Pittsburgh attorney Chuck Greenberg.
Associated Press
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Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
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