(This story, in slightly different form, originally appeared inALM's DailyBusiness Review.)
MIAMI-For months, lawyers for condominium buyers have complainedthat Related Group is improperly delaying litigation over deposits.Now judges have joined the chorus, accusing the giant developer ofdragging its feet and ignoring a court order.
Related, one of the largest condo developers in the country, isdefending lawsuits involving more than 1,000 purchase contracts. Inmost cases, the buyers failed to close following the meltdown ofthe condo market and they are trying to get their deposits back.Under federal law, buyers in condos with more than 99 units areentitled to any money they put down in excess of 15% of thepurchase price.
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