Supreme Court denies certiorari and upholds Ninth Circuit decision rejecting securities fraud claim by condo purchasers

On February 24, 2014, the U.S. Supreme Court denied certiorari in the Ninth Circuit case Salameh v. Tarsadia Hotel, effectively rejecting a securities fraud claim by purchasers of hotel condominiums and affirming one method of publicly offering hotel-condo units outside the purview of federal and state securities law. 726 F.3d 1124, 1128 (2013).       Read more……..


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