Bailey, et al v. ERG Enterprises, LP, et al

Buyers sued Bahamas Sales, and others associated with Bahamas Sales, alleging that they engaged in appraisal fraud. Buyers purchased undeveloped lots in a planned resort in the Bahamas where the purchase contracts contained a provision that required all disputes to be litigated in the Bahamas. The district court dismissed for improper venue. The court held that the district court erred when it determined that Buyers' claims fell within the scope of the lot purchase contracts' forum-selection clauses; the district court erred in applying equitable estoppel to allow the Mortgage Entities and the Credit Suisse Entities (nonsignatories to the lot purchase contracts) to invoke the lot purchase contracts' forum-selection clauses; and reversed the district court's judgment granting the motions to dismiss for improper venue and remanded for further proceedings. View "Bailey, et al v. ERG Enterprises, LP, et al" on Justia Law