Mo. Hilton Condo Hotel Sales Weren't Securities: Judge

Law360, New York (February 28, 2012, 6:05 PM EST) -- A Missouri federal judge on Monday tossed out several claims against companies that allegedly lured investors into fraudulently purchasing condos in a Hilton-branded hotel, saying the condo sales in question did not equate to a securities transaction.

U.S. District Judge Richard E. Dorr dismissed claims of federal and securities fraud, as well as a claim of fiduciary duty, after finding that the condo sales, linked to a program to rent out the units, were not securities and that a subsequent rental agreement investors signed did not...
To view the full article, register now.




Case Information

Case Title

Obester et al v. Boutique Hotel Development Company, LLC dba Hilton Promenade at Branson Landing et al

Case Number



Missouri Western

Nature of Suit



Dean Whipple

Date Filed

May 26, 2011

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.