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Case Status:    DISMISSED  
—On or around 09/22/2011 (Court's order of dismissal)
Current/Last Presiding Judge:  
Hon. S. James Otero

Filing Date: May 16, 2011

National Title Company purports to be a real estate investment company.

According to the Complaint, this is a securities class action on behalf of all persons who were damaged in connection with their purchase of unregistered securities. Each Defendants engaged in a common enterprise to sell unqualified and unregistered securities in a fraudulent real estate investment scheme. The proposed transactions and investments were "securities" within in the meaning of Rule 14(b) of the Securities and Exchange Act. The Defendants conducted "Investment Seminars" in California, Nevada and Hawaii and distributed literature and brochures titled "Investment Strategy Guide" indicating the client was purchasing investment instruments. The investment was nothing more than a fraudulent scheme to churn fees by placing "investors" into multiple properties they could not afford.

On August 10, 2011, the Court issued an order dismissing the Plaintiffs' Complaint. Plaintiffs were given leave to refile their state law fraud claim in state court. Plaintiffs were ordered to file a first amended Complaint consisting only of federal securities claims on or before September 12, 2011. The Plaintiffs failed to comply with this order. Thus the Court dismissed this action on September 22.

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