Contracts
Mar. 31, 2011
Dismissal Challenges Definition of Condo-Hotels
A federal court judge dismissed a securities class action lawsuit filed by a group of investors who lost millions of dollars purchasing units in San Diego's Hard Rock Hotel and sought to recoup their investments from the project's operators.
Daily Journal Staff Writer
A federal judge dismissed a securities class action filed by a group of investors who lost millions of dollars purchasing units in San Diego's Hard Rock Hotel and sought to recoup their investments from the project's operators.
The case is one of many filed by upsidedown condo-hotel buyers nationwide in recent years, arguing that the furnished rooms they purchased are analogous to stocks and th...
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