Adams v. Cavanagh Communities Corp.

MEMORANDUM OPINION AND ORDER

NORDBERG, District Judge.

I. INTRODUCTION

This action, filed on behalf of more than one thousand Plaintiffs, alleges that Cavanagh Communities Corp. (“Cavanagh Communities”), Cavanagh Land Sales Corp. (“Cavanagh Land Sales”), Joseph and Zola Klein (“the Kleins”), John Sgarlat, (collectively “the Cavanagh Defendants”) and television personality Ed McMahon perpetrated a comprehensive land fraud scheme that defrauded Plaintiffs and other investors of millions of dollars. Plaintiffs’ Seven Count Amended Complaint seeks remedies under the Securities Act of 1933, ch. 38,…