Schultz v. Rhode Island Hospital Trust National Bank, N.A.
Court of Appeals for the First Circuit
1Opinion of the Court
LYNCH, Circuit Judge.
These three actions, consolidated for appeal, arise out of a failed real estate venture involving the purchase and redevelopment of the Sea Crest Hotel in Falmouth, Massachusetts (“the Sea Crest”). In a federally registered public offering, investors purchased condominium unit deeds and “pooled income” interests in the Sea Crest project. One of the offering’s features, as disclosed in the prospectus, was that the offering would be terminated and all investor deposits refunded if the aggregate amount of investments sold did not reach a minimum subscription level (“MSL”) by…
2Cases cited22 opinions
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- Anthony's Pier Four, Inc. v. HBC ASSOCIATESMassachusetts Supreme Judicial Court · 1991
- Gilbert Roeder, Etc. v. Alpha Industries, Inc.Court of Appeals for the First Circuit · 1987
- Gonzalez Abreau v. Banco CentralCourt of Appeals for the First Circuit · 1994
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- In Re Lupron® Marketing & Sales Practices LitigationDistrict Court, D. Massachusetts · 2003
- Bosque v. Wells Fargo Bank, N.A.District Court, D. Massachusetts · 2011
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