The owner of Yacht Haven Grande on St. Thomas is preparing a $400 million lawsuit against the West Indian Co. for purportedly stonewalling its progress and the overall economic development of the territory.

On Oct. 30, Yacht Haven USVI LLC, a subsidiary of Island Global Yachting, and one of the largest development firms in the territory, issued a summons to WICO, requesting a response to a bevy of alleged violations.

— Contact A.J. Rao at 340-714-9104 or email ajrao@dailynews.vi.