Las Vegas law firm Marquis & Aurbach has joined a class-action
lawsuit against the Florida-based developer of the Vegas Grand luxury
condominium project at Flamingo Road and Swenson Street, an attorney
for the firm said Friday.
Craig Anderson said his firm filed a first amended complaint to the
lawsuit brought last week by Las Vegas attorney George West after
buyers were notified in a May 11 letter from developer Del American
that their reservation agreements had been canceled.
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They were given the option of purchasing the units at a higher price
or getting a refund on their $25,000 deposit. The lawsuit seeks to
enforce reservation agreements for individual purchasers.
"We view the reservations agreements as enforceable contracts,"
Anderson said. "The contracts contain an agreed-upon price for a
specified unit and Del American accepted consideration for their
agreement to sell the condos."
Once a contract was formed, the seller cannot unilaterally modify the terms of the agreement, the attorney said.
A similar class-action lawsuit was filed by Las Vegas attorney Will
Kemp on behalf of buyers at Krystle Sands, a high-rise condo project
that was canceled after being purchased by Turnberry Associates. Those
contracts had "gone hard," Kemp said, which means a larger percentage
of the purchase price is required from the buyer and the money is
nonrefundable.
