The association of a prominent redevelopment project in downtown Elgin has sued the original developer, construction firm and bank, arguing that they purposefully hid defects in construction work until the Fountain Square Condominium Association took possession of the property. The association’s lawsuit argues RSC-Elgin LLC, Novak Construction and agents of First American Bank breached their fiduciary duty and engaged in fraud by hiding or not disclosing five consultant reports from 2009 about construction defects and other damages from the association. Read the article…………….
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