A settlement was reached on behalf of homeowners in April 2015. The terms of the settlement are confidential, but in a filing with the Securities and Exchange Commission from Shea Homes, the company reported that by Dec. 31, 2014, it had accrued $13.3 million in connection with the settlement and related matters.
A group of Redmond homeowners has filed a lawsuit in federal court for the Western District of Washington against Shea Homes, Inc., alleging that the California-based homebuilder acted unfairly and deceptively in building, marketing and selling homes specifically marketed to elderly buyers.
The complaint, filed by attorneys Steve Berman with national class-action law firm Hagens Berman and Dave von Beck of Levy – von Beck & Associates on Oct. 10, 2014, was brought on behalf of more than 950 plaintiffs who together own about 600 homes built and sold by Shea Homes in the Trilogy at Redmond Ridge project, a community for elderly residents.
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