Sylvester MAYA; Ofer Masachi, as individuals and on behalf of all others similarly situated, Plaintiffs-Appellants,
v.
CENTEX CORPORATION; Centex Homes, a Nevada General Partnership; CTX Mortgage Company, Defendants-Appellees.
Remedios Martinez, as an individual and on behalf of all others similarly situated, Plaintiff-Appellant,
v.
D.R. Horton, Inc.; DHI Mortgage Company GP, Inc., Defendants-Appellees.
Edilberto Lumalu; Brian Dietz; Brenda Dietz; Candice McDonald, as individuals and on behalf of all others similarly situated, Plaintiffs-Appellants,
v.
MDC Holdings, Inc., DBA Richmond American; Richmond American Homes of California, Inc.; HomeAmerican Mortgage Corporation, Defendants-Appellees.
Stella Stephens; Timothy Young, as individuals and on behalf of all others similarly situated, Plaintiffs-Appellants,
v.
Lennar Corporation; Lennar Homes of California, Inc.; Universal American Mortgage Company, Defendants-Appellees.
Solomon Kelly; James Molina, as individuals and on behalf of all others similarly situated, Plaintiffs-Appellants,
v.
Beazer Homes USA, Inc.; Beazer Homes Holdings Corporation; Beazer Mortgage Corporation, Defendants-Appellees.
Matthew Nielson; Nicole Nielson, as individuals and on behalf of all others similarly situated, Plaintiffs-Appellants,
v.
Shea Homes Inc.; J.F. Shea Co., Inc.; Shea Mortgage, Inc., Defendants-Appellees.
Gaspare C. Oneto; Paul M. Nakabayashi; Sandra L. Nakabayashi; John Butler; Linda Butler, as individuals and on behalf of all others similarly situated, Plaintiffs-Appellants,
v.
The Ryland Group, Inc.; Ryland Homes of California, Inc.; Ryland Mortgage Company, Defendants-Appellees.
James F. Dodaro, as an individual and on behalf of all others similarly situated, Plaintiff-Appellant,
v.
Standard Pacific Corp., DBA Standard Pacific Homes; Standard Pacific Mortgage, Inc., Defendants-Appellees, and
Shea Homes; J.F. Shea Co. Inc.; Shea Mortgage, Inc.; Centex Corporation; Centex Homes, LLP, Erroneously Sued as Center Homes and Center Homes Corporation; CTX Mortgage Company; DHI Mortgage Company GP, Inc.; the Ryland Group, Inc.; Ryland Homes of California, Inc.; Ryland Mortgage Company; Lennar Corporation; Lennar Homes of California, Inc.; Universal American Mortgage Company, Erroneously Sued as Universal Mortgage Company; Eagle Home Mortgage of California, Inc., Erroneously Sued as Eagle Home Mortgage Inc., Real-parties-in-interest.
United States Court of Appeals, Ninth Circuit.https://leagle.com/images/logo.png
Argued and Submitted May 9, 2011.
Filed September 21, 2011.
Attorney(s) appearing for the Case
Andrea Bierstein (argued), Mitchell Breit , and Jayne Conroy , Hanly Conroy Bierstein Sheridan Fisher & Hayes LLP, New York, NY; Derek Yeats Brandt , Simmons Browder Gianaris Angelides & Barnerd LLC, East Alton, IL; Jae Kim , Richard Dale McCune, Jr. , and David Christopher Wright , McCune & Wright, LLP, Redlands, CA, for plaintiffs Sylvester Maya, Ofer Masachi, Remedios Martinez, Edilberto Lumalu, Brian Dietz, Brenda Dietz, Candice McDonald, Stella Stephens, Timothy Young, Solomon Kelly, James Molina, Matthew Nielson, Nicole Nielson, Gaspare C. Oneto, Paul M. Nakabayashi, Sandra L. Nakabayashi, John Butler, Linda Butler and James Dodaro, on behalf of themselves and others similarly situated.
Donald L. Morrow , Paul, Hastings, Janofsky & Walker LLP, Costa Mesa, CA, for defendants Shea Homes, Inc., J.F. Shea Co., Inc., and Shea Mortgage, Inc.
Nancy Nguyen Sims and Perrie M. Weiner , DLA Piper LLP, Los Angeles, CA, for defendants the Ryland Group, Inc., Ryland Homes of California, Inc., and Ryland Mortgage Company.
Before: BETTY B. FLETCHER and SIDNEY R. THOMAS, Circuit Judges, and NANCY GERTNER, District Court Judge.
United States Court of Appeals, Ninth Circuit.
OPINION
B. FLETCHER:
This case arises against the backdrop of the national housing crisis. Nationwide, foreclosures are increasing, construction and purchase of new homes is decreasing, and home values are plummeting.1 In some ways, the facts presented here echo national trends, but we decide a fairly narrow question: whether individuals who purchased homes in new developments have...
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