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Frank Hofues, a vegas lodge owner, agreed to book the resort room in the November 1955. He and wanted to financing the project 2.5 million, with completion now requested because of the Can get step 1, 1956. But not, a course action lawsuit try recorded for investors, problematic the mortgage because of the Hofues. Shareholders had been told by Tony Cornero that lodge you may end up being completed for 4.5 million. The fresh match sought to have the Stardust put in receivership, proclaiming that borrowing an extra dos.5 million would not be inside shareholders’ welfare. Hofues passed away shortly after that, also it is actually after so-called which he got failed to refinance the brand new Stardust while the agreed.
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