Friday, May 27, 2005 | 10:58 a.m.
Attorneys with the Las Vegas law firm Marquis & Aurbach said they expect to join a class action lawsuit against the developer of the Vegas Grand condominium project.
The original lawsuit was filed last week by Las Vegas attorney George West on behalf of five individuals who claim the developer is in breach of contract for failing to honor prices established by an original reservation agreement.
The developer -- Florida-based Del American Inc. -- last month notified prospective buyers that to convert their reservations to purchase contracts they would face higher sales prices.
Marquis & Aurbach said will bring more than 20 new plaintiffs to the lawsuit, and attorney Craig Anderson said he expects to file a first amended complaint to join the lawsuit today.
Del American officials have said that the higher prices are being dictated by soaring construction costs and that the reservation agreements were subject to cancellation by either the buyer or seller.
The company also said that it would give reservation holders a full refund, plus a 5 percent premium, if they chose to cancel. Del American also offered a 10 to 15 percent discount off of the new sales prices.
archive
