Future Sales Not Covered In Land Sales Act, 4th Circ. Says

By Kaitlin Ugolik (May 2, 2012, 3:45 PM EDT) -- The Fourth Circuit on Tuesday largely upheld an award to plaintiffs claiming a developer misrepresented The Ritz-Carlton Hotel Co.'s involvement in the management of a luxury community, saying the developer inappropriately counted future sales when calculating its exemption from certain disclosures under the Interstate Land Sales Full Disclosure Act....

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