Platinum latest condo development to face litigation

June 2009
Las Vegas Business Press (10712186);6/8/2009, Vol. 26 Issue 23, pP18
The article reports on a potential class action lawsuit facing developers of the Platinum hotel and condominiums in Nevada from owners who claim they were deceived into purchasing units as profitable investments. Charges filed against the developers, which include Platinum Condominium Development LLC and Marcus Management Las Vegas LLC, include securities violation and fraudulent misrepresentation. According to plaintiffs' attorney Robert Gerard, the condominium was promoted as a rental investment instead of simply a place to live.


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