Opinion ID: 3010586
Heading Depth: 3
Heading Rank: 3

Heading: St. Lucia Hotel Corporation shall apply the Two

Text: Hundred Fifty Thousand Dollars ($250,000) referred to in Paragraph 1 above as follows:
($125,000) shall be applied to the casino project in Rodney Bay, St. Lucia. 7 Estate attacks the authenticity of this document and asserts that neither Brown, Michael, nor Rubin ever saw a signed original, and that Ostroff did not recall signing it. In addition, the Estate hints that Rubinstein “doctored” Ostroff’s signature on the Agreement. Rubinstein claims that Ostroff did sign the Investment Agreement and that it is genuine. Although Ostroff apparently intended the funds in the trust account to be held to pay the Corporation’s legitimate and ongoing expenses, she never had any contact with Brown & Michael nor did she ever see any bills. Nevertheless, at her deposition Ostroff contended that: “That $250,000 was -- I think the checks, it was three, and they went to Brown & Michael, a law firm in Atlantic City that I understood represented the hotel corporation. They were to pay bills that I approved, not just pay, but that I knew about and approved of.” Ostroff deposition at A1192-1193. Ostroff claimed that the money was not an investment. “Not the way I understood it. . . It was an escrow. I understood they were holding it in escrow, Brown
($125,000) shall be applied to the condominium project at Rodney Bay, St. Lucia.