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Litigation

Feb. 25, 2014

High court ends legal fight over definition of condominium-hotel units

The U.S. Supreme Court on Monday denied a certiorari request regarding a 9th U.S. Circuit Court of Appeals decision that the sale of condominium-hotel units at the San Diego Hard Rock Hotel is not the sale of a security.

By Alexandra Schwappach
Daily Journal Staff Writer

The U.S. Supreme Court on Monday denied a certiorari request regarding a 9th U.S. Circuit Court of Appeals decision that the sale of condominium-hotel units at the San Diego Hard Rock Hotel is not the sale of a security. Purchasers of the Hard Rock Hotel units in 2009 filed a putative class action in the U.S. Southern District of San Diego, alleging they were fraudulently induced to enter into purchase and sale agreements. ...

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