WCI Communities, Inc. - Securities Class Action

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Copyright (c) 2001
Stanford Law School

WCI Communities, Inc. Summary: According to a press release dated February 1, 2008, the lawsuit was filed on behalf of all persons who purchased one or more of the 239 hotel condominium units (the "Hotel Units") in The Resort at Singer Island (the "Singer Island Resort"). The Singer Island Resort is located in Palm Beach, Florida.

Specifically, the complaint alleges that the Defendants violated section 12(a)(1) of the Securities Act of 1933, 15 U.S.C. § 77(l)(a)(1), by failing to register with the Securities and Exchange Commission (the "SEC") the public offering of the Hotel Units. The complaint also alleges that defendant WCI violated section 15 of the Securities Act, 15 U.S.C. § 77o, 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.

On March 28, 2008, a motion to consolidate cases, to appoint lead plaintiffs and counsels was filed. The court denied the motion for consolidation on May 28, 2008. On August 6, 2008 an entry in the docket was made regarding the bankruptcy filing of WCI Communities, Inc. On August 20, 2008, Judge Daniel T. K. Hurley signed the Order Staying and Administratively Closing Action due to the defendant's suggestion of bankruptcy. According to the Order, the matter is stayed, administratively closed, and the case shall be re-opened upon motion by either party, or upon the court's own motion.

INDUSTRY CLASSIFICATION:
SIC Code: 1531
Sector: Capital Goods
Industry: Construction Services

COMPANY/ISSUER NAME:	WCI Communities, Inc.
COMPANY/ISSUER TICKER:	WCI
COMPANY WEBSITE:	http://www.wcicommunities.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Paul Mastrella, et al. v. WCI Communities, Inc., et al.

COURT: S.D. Florida	DOCKET NUMBER: 08-CV-80055
JUDGE NAME: Hon. Ann E. Vitunac
DATE FILED: 01/23/2008	SOURCE: Notice of Filing
CLASS PERIOD START: 03/01/2007	CLASS PERIOD END: 03/31/2007
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Beasley Leacock & Hauser 505 South Flagler Drive, Suite 1400 Flagler Center, West Palm Beach, FL, 33401 (voice) 561.835.0900, (fax) , Berger & Montague PC 1622 Locust Street, Philadelphia, PA, 19103 (voice) 800.424.6690, (fax) 215.875.4604, investorprotect@bm.net _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Complaint - Class Action - Jury Trial Demanded
Type: Complaint		Date on the document: 01/23/2008
Order Denying Plaintiffs' Motion To Consolidate Cases, Appoint Lead Plaintiff, And Approve Choice Of Lead Counsel
Type: Order		Date on the document: 05/28/2008
Order Staying and Administratively Closing Action
Type: Order		Date on the document: 08/21/2008
US District Court Civil Docket
Type: Docket		Date on the document: 02/02/2009

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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