$125M Starwood Fraud Suit Belongs In Mexico, 7th Circ. Says

Law360, New York (December 20, 2012, 10:36 PM EST) -- The Seventh Circuit on Thursday affirmed the dismissal of a $125 million fraud suit involving time shares in Mexico, ruling that condo owners' claims against the developers should be heard in Mexico under a forum-selection clause in the sales agreements.

The clause was enforceable, the appeals court said, even though the developers of the resort in Los Cabos, Mexico — Starwood Hotels & Resorts Worldwide Inc. and Raintree Vacation Exchange LLC — were not signatories to the contracts. The roughly 200 condo owners bought their interests...
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