TITLE

Development group sues D.R. Horton subsidiary

AUTHOR(S)
Knightly, Arnold M.
PUB. DATE
June 2008
SOURCE
Las Vegas Business Press (10712186);6/9/2008, Vol. 25 Issue 23, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the lawsuit filed by November 2005 Land Investors development group, led by Las Vegas, Nevada-based Olympia Group, against D.R. Horton subsidiary DRHI, for a breach of contract. It is alleged in the lawsuit that DRHI is in default of an infrastructure agreement and owes $4.1 million plus interest for unpaid costs related to the Park Highlands master-planned community in North Las Vegas. Based on court documents, the lawsuit was filed after DRHI missed three payments of slightly more than $1 million due from January to March 2008.
ACCESSION #
32767959

 

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