Pugliese v. Pukka Development, Inc.

KRAVITCH, Circuit Judge:

Pukka Development appeals the district court’s order granting summary judgment to Plaintiffs Saverio Pugliese, Michael Mieves, Antonio Saladino, and Stephen Matolyak. This case turns on the interpretation of sections 1702 and 1703(d) of the Interstate Land Sales Act (the “ILSA”). We disagree with the district court’s interpretation of the statute. We therefore reverse the district court’s decisions to grant Plaintiffs’ motion for summary judgment and to deny Pukka’s motion for the same.

BACKGROUND

Twenty-two months after entering into contracts to purchase individual…