The general contractor on the landmark Miami Panorama Tower is accused in a new lawsuit of failing to pay subcontractors on time, using project funds to beef up its own balance sheet and hiding its cash-flow issues from shareholders in the publicly traded company.

Los Angeles-based Tutor Perini Corp. eventually accounted for all the money provided by the developer, but not before taking it out of a project account to boost its own financial, the complaint said. The combination slowed subcontractor payments as well as construction of the tallest residential tower south of New York.