NAMA has settled a lawsuit brought by a former employee of a golf resort development in Atlanta, Georgia, USA. James Vanden Berg who was the CEO of the Barber Creek Land Company which was developing the Georgia Club, had been suing to recover USD 2.1m (€1.6m) in bonuses he claimed he was owed; he sued Anglo and others including NAMA and lost at the District Court in North Georgia, and appealed the judgment to the Eleventh Circuit Court of Appeals. A document jointly lodged by the parties last week informs the appeal court that the matter has been settled, with each side bearing their own costs of dealing with the appeal. The terms of any settlement have not been revealed. The document filed in the appeal court is available here.
The Georgia golf resort was a Derek Quinlan development.
For conspiracy theorists out there, you might be interested to know that a “James Vanden Berg” was the principal of a company called “Lunch Properties LLLP” which was one of five companies which wanted to develop property in the foothills over Santa Monica on the Californian coast. The development is most associated with The Edge from U2, aka David Evans and Paddy McKillen’s son, Dean McKillen. The five companies, all of which are (L)imited (L)iability (L)imited (P)artnerships or LLLPs are Lunch, Vera, Morleigh, Mulryan and Ronan. No connection between Sean Mulryan and Mulryan LLLP and between Johnny Ronan and Ronan LLLP, has ever been established, though the choice of names piqued interest.
The development of ultra-up-market homes in the Santa Monica foothills was repeatedly knocked back by planning authorities, despite The Edge having a website designed to promote the eco- and aesthetic credentials of the development.
We don’t know if the Georgia golf resort James Vanden Berg is the same “James Vanden Berg” the project manager at Lunch LLLP.