Mooney v. Chicago Title Co. CA2/17
Lorelei Mooney, the Herbert and Helen Schweiger Trust, ARI-DFW East & West 9, L.P., Gary Lamm, and James Mieuli (Plaintiffs) claim to represent a class of more than 600 investors who entered into a tenant-in-common (TIC) investment scheme that ultimately failed when the real estate market crashed. The lawsuit initially named 22 defendants who were allegedly involved in a fraudulent scheme to wrongfully induce the class members to sell their real property, invest in one of 20 offered properties, and defer capital gains taxes via these transactions pursuant to Internal Revenue Code section 1031.
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