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Marine Log

November 19, 2007

Sparrows Point shipyard owner faces racketeering suit

The Baltimore Sun reports that Vincent F. Barletta, the Massachusetts owner of Sparrows Point shipyard, and certain affiliates have two weeks to answer racketeering claims filed against them in Baltimore's U.S. District Court.

Barletta, his brother, Timothy Barletta,, as well as their attorney, various colleagues and certain affiliated businesses are named in a civil lawsuit filed by Clean Venture Inc. under the Racketeer Influenced and Corrupt Organizations Act, or RICO.

Clean Venture was hired as a contractor by North American Ship Recycling to perform dismantling work on various ships being dismantled at the Sparrows Point yard. Clean Venture previously sued North American Ship Recycling for the money it was owed, winning a $750,000 judgment.

North American Ship Recycling disappeared from its Sparrows Point site, before the judgment could be collected.

The new RICO lawsuit alleges wire fraud, unjust enrichment, civil conspiracy, aiding and abetting and breach of fiduciary duty.

It seeks the $750,000 owed to Clean Venture. The amount could be tripled under the RICO act.

READ THE BALTIMORE SUN REPORT

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