This lawsuit is related solely to investors in Qualia V – the Dominion building. It is being advanced against the two lawyers that acted for Multus, the general partner, and the limited partners (plaintiff class). The liability relates to the failure of the vendor’s lawyer to secure the cash to close that would have repaid the limited partners, or alternatively, to register and enforce a vendor take back mortgage that was purportedly agreed to in order to vary trust conditions related to using the transfer of land to convey title to the purchaser.
We are going to be amending our pleadings and bringing application related to this action, in the fall. We have conducted extensive work in this litigation, to the point of obtaining trust records from one of the lawyers involved to determine where the equity that was supposed to be used to pay out the limited partners, was diverted. We will keep you posted here as we proceed.