$1.09M Settlement Proposed In Vue Condo Tying Suit

Law360, New York (August 3, 2009, 6:32 PM EDT) -- Homeowners in a class action alleging developer Carlyle/Galaxy San Pedro LP illegally tied condominium units with financial services offered by its preferred lenders have asked the court to approve a $1.09 million settlement.

Plaintiffs Riye Park and Ted Sumida sought final approval for the settlement in documents filed Friday in the U.S. District Court for the Central District of California.

The last remaining plaintiffs say the settlement would provide “substantial positive results” for the class, as it seeks roughly 27.25 percent of the amount claimed and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.