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Rushmore buyers get $15M refund in long-running contract dispute

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After fighting more than three years of litigation with Extell Development and Carlyle Realty Partners, a group of 40 buyers at the Rushmore condominium said Thursday that they had finally received a $15 million refund from the developers, largely resolving the disruptive dispute. The legal tangle dates back to February 2009, when buyers began filing complaints with the AG alleging that the Rushmore developers failed to close their first apartment sale by a September 2008 [more]

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