WILMINGTON, Del. (AP) - A consulting firm hired by Delaware’s Port of Wilmington in its effort to privatize says a state-controlled entity owes them more than $10 million.
The News Journal reports Diamond State Port Corp. hired Seabury PFRA to solicit qualifications for and evaluate potential partners. A lawsuit filed by Seabury says the firm is owed a “success fee” based on the promised capital investment from Emirati port operator Gulftainer, which will take over the port’s operations.
Seabury’s lawsuit says officials have “steadfastly and wrongly” refused to pay anything beyond a $1.7 million payment.
But in a counterclaim, Diamond State says Seabury both calculated the fee wrong and failed to perform its duties properly. It also says Seabury PFRA CEO Ed Zinny disrupted a meeting with Gulftainer and acted against Diamond State’s interests.
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Information from: The News Journal of Wilmington, Del., http://www.delawareonline.com
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