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Miami Condo Buyers File Class Action Lawsuit

April 28, 2006

Condo buyers in Miami, FL have filed a class action lawsuit against developer Kenneth Baboun and his company BBB Group saying he committed fraud and breach of contract. Baboun cancelled the planned project to build condos at 1390 Brickell Bay condominium tower due to hurricane delays and other issues.

The problem is the potential residents say that Baboun claimed to have broken ground which meant that they needed to pay their second deposit. Once they did he cancelled the project citing those delays.

They want their money back with interest. However it’s not just the full deposit but they also want the value of the condos if they had been built. I do think that’s a little greedy. Let them give you back the money you gave them, you want interest fine, but to get the full price of a condo you didn’t pay for? Bull.

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