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Lawsuit Seeking to Recoup Millions for Investors at the Hard Rock Hotel
in San Diego Dismissed by Federal Judge


By Lori Weisberg, The San Diego Union-Tribune
April 13, 2011

A lawsuit seeking to recoup millions of dollars in losses for investors who bought condominium-style units at downtown San Diego’s Hard Rock Hotel has been dismissed by a federal judge.

Former San Diego City Attorney Mike Aguirre, who filed the class-action suit in December of 2009, says he already has appealed the ruling but does not expect an appellate court decision for another year.

The lawsuit claimed that Tarsadia Hotels, which opened the 420-unit hotel project on 5th Avenue in late 2007, never filed its offering of investment agreements with the U.S. Securities and Exchange Commission and the California Department of Corporations because they wanted to avoid scrutiny of the deal.


Downtown San Diego's Hard Rock Hotel, developed by Tarsadia Hotels, opened in late 2007

For the rest of the story please visit:
http://www.signonsandiego.com/news/2011/apr/12/hard-rock-hotel-suit-dismissed/


Contact:

Lori Weisberg, Staff Writer
San Diego Union-Tribune
350 Camino de la Reina
San Diego, CA  92102
619-293-2251
[email protected]


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