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WCI Communities, Inc. and The Resort at Singer Island may have violated federal securities laws by issuing unregistered securities.
Investigation Source (Case #08-cv-80055)
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Investments
- Private Placement
- Unregistered Securities
- Controlling Person Theory
Product or Service
- Investments
Injury Type
- Monetary Loss
Investigation Details
This is a securities class action against WCI Communities, Inc. and The Resort at Singer Island.
The class action lawsuit alleges that the defendants violated federal securities law by not registering the public offering of "Hotel Units" with the SEC.
The complaint also alleges that defendant WCI violated federal securities laws by controlling the operations of its wholly owned subsidiary, defendant Singer Island Resort, in offering the Hotel Units for sale without registering them with the SEC.
The plaintiffs seek to rescind their acquisition of the Hotel Units and/or rescissory or other damages in an amount to be proven at trial.
The class action lawsuit alleges that the defendants violated federal securities law by not registering the public offering of "Hotel Units" with the SEC.
The complaint also alleges that defendant WCI violated federal securities laws by controlling the operations of its wholly owned subsidiary, defendant Singer Island Resort, in offering the Hotel Units for sale without registering them with the SEC.
The plaintiffs seek to rescind their acquisition of the Hotel Units and/or rescissory or other damages in an amount to be proven at trial.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| WCI Communities, Inc. (WCIMQ) | WCI Communities, Inc. is a home builder. |