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WCI Communities, Inc. Summary: On August 6, 2008 an entry in the docket was made regarding the bankruptcy filing of WCI Communities, Inc.
On March 28, 2008, a motion to consolidate cases, to appoint lead plaintiffs and counsels was filed. The court denited the motion for consolidation on May 28, 2008.
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.
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. | |||||||||||||||||
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| 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: 5/28/2008 | ||
| US District Court Civil Docket | |||
| Type: Docket | Date on the document: 8/6/2008 | ||
| OTHER DOCUMENTS | |||
| Case Name and/or Number: | |||
| Type: | Date on the document: | ||
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