Homebuyers sue Cosmopolitan

Illia, Tony
June 2009
Las Vegas Business Press (10712186);6/22/2009, Vol. 26 Issue 25, pP5
The article deals with three lawsuits filed by more than 400 plaintiffs against the Cosmopolitan Resort Casino project in Las Vegas, Nevada. The casino had been slated to be launched in December 2009. However, developer Ian Bruce Eichner failed to obtain the construction loans in January 2009 and lost the construction project. The lawsuit alleges that the delayed opening of the construction project has jeopardized the homebuyers money. Some claims allege that the construction project violates the Interstate Land Sales Full Disclosure Act.


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