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Frank Hofues, a las vegas resort proprietor, provided to rent the hotel bedroom in the November 1955. He along with agreed to financing your panels dos.5 million, with completion now requested by Get step 1, 1956. Although not, a class step suit are recorded on behalf of shareholders, difficult the loan by the Hofues. Investors had been told through Tony Cornero your resort you’ll become completed for 4.5 million. The newest fit looked for to get the Stardust put in receivership, proclaiming that borrowing from the bank an extra dos.5 million would not be inside shareholders’ welfare. Hofues died soon afterwards, and it also is actually afterwards so-called that he got don’t re-finance the brand new Stardust because the agreed.

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