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Successful Resolution of Securities Fraud Class Action Lawsuit for Homebuilder


Representation of national homebuilder in class action in the United States District Court for the Middle District of Florida which involved a putative class of thousands of home purchasers asserting securities fraud, ILSA and FDUPTA violations, breach of contract, and other claims in excess of $100 million. Our team successfully raised serious questions regarding the suitability of the action for class certification, leading to a Court approved settlement for a small fraction of the plaintiffs' original claims.