Law360 (June 28, 2021, 5:00 PM EDT) — A suit accusing a Florida real estate developer of duping foreign investors out of $100 million took a big step forward as a federal judge certified a class, rejecting arguments that some investors’ participation in a parallel state court suit made class treatment inappropriate.
U.S. District Court Judge Aileen M. Cannon narrowed the proposed class definition to specifically exclude any investors who reach settlements in the state court litigation, but otherwise her order Friday rejected efforts by defendant Nicholas A. Mastroianni II and several entities he controls to limit the claims to the two lead plaintiffs, Chinese nationals Ting Peng and…
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
- Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
- Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
- Create custom alerts for specific article and case topics and so much more!
TRY LAW360 FREE FOR SEVEN DAYS