A lawsuit accusing the manager of the Fashion Mall in Plantation of misappropriating $49 million intended for redevelopment of the shuttered retail center was dismissed Tuesday.
U.S. District Judge James Cohn in Fort Lauderdale dropped the case for lack of jurisdiction two weeks after it was filed.
Lawyers for China-based Tangshan Ganglu Iron & Steel Co. Ltd., the majority owner of the mall, immediately refiled the case in Broward Circuit Court.
The company alleges Wei Chen, the minority owner and manager of the mall, misappropriated funds set aside for the $300 million project and bought a parcel of land for it under his own name.
Construction recently started to transform the property by building a branded hotel, conference center, condominium tower and office space. The goal is to start leasing space by the first quarter of 2015.
Tangshan Ganglu Iron & Steel is represented by Lida Rodriguez-Taseff of Duane Morris in Miami.
Chen’s Plantation-based company, Mapuche LLC, is represented by Daniel DeSouza of Becker & Poliakoff in Fort Lauderdale. Chen is represented by Benjamin Olive of Hackleman, Olive & Judd in Fort Lauderdale.