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Judge Dismisses Fraud Claims Against Developer | Real Estate News
Michael Shvo’s legal luck is turning — a judge just tossed out fraud and construction defect claims from two Mandarin Oriental Residences condo buyers, ruling that vague omissions weren’t enough to prove fraud and that “turnkey luxury” was just sales puffery. Still, those buyers can try to cancel their contracts, while other lawsuits against the building’s board remain active. Shvo’s facing more legal heat, including earlier dismissals in the Core Club case, as the luxury tower — which launched in 2021 — struggles to sell just one-third of its 65 units, prompting a price cut and a new sales…
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