MGM Grand Condo Investors Can't Dodge Arbitration

Law360, New York (August 31, 2012, 6:54 PM EDT) -- A Nevada magistrate judge determined Thursday that investors in MGM Grand luxury condominium units who say they were duped into buying securities in the property with false promises of rental revenue will have to settle their beef with the Las Vegas condo company through arbitration.

In a parallel case brought by some of the same 102 condo investors against the same MGM condo companies and affiliated real estate firms, the Nevada Supreme Court found the investors’ arbitration agreement with MGM to be fully enforceable, so in...
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