So American Banker’s Kate Berry reports. So now the settlement will be re-negotiated and the victims will get something, right? If only. From the article:
[T]he Justice Department said it would proceed without court oversight, using a federal provision that does not require the court’s involvement.
Harmeet K. Dhillon, DOJ’s assistant attorney general in the civil rights division, voluntarily dismissed the case with prejudice and instead signed an out-of-court agreement with Colony Ridge. * * *
The consumers who bought parcels of undeveloped land that had no access to sewer, water, or electricity, received no relief.
* * *
* * * The judge, however, did not seal the case so the aggrieved consumers plan to file a class-action lawsuit, she said.
