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IN RE CAY CLUBS

Nos. 58176, 59751.

319 P.3d 625 (2014)

In re CAY CLUBS. David B. Clark; Ann Clark; Donald W. Gillis; Nell C. Gillis; Peter Gillis; Mary Piscitelli; Thomas Tedesco; Kenneth B. Ritchey; Debra A. Ritchey; Michael Gianforte; Kyle Smith; Nancy Helgeson; Raymond D. Reed, II; Bryan Sopko; Christopher T. Wilson; Jay Jadeja; Ketan Patel; Rajesh Patel; Paresh Shukla; Rosanno Delara; Randall J. Goyette; Rita M. Goyette; John Thompson; Michael Zari; Michael Crouch; Alex Arriaga; Marius Smook; James McNeil; Suzan McNeil-Tusson; Lolita Alvarez; and Dolores Ceralvo, Appellants, v. JDI Loans, LLC; JDI Realty, LLC; and Jeffrey Aeder, Respondents. In the Matter of Cay Clubs. David B. Clark; Ann Clark; Donald W. Gillis; Nell C. Gillis; Peter Gillis; Mary Piscitelli; Thomas Tedesco; Kenneth B. Ritchey; Debra A. Ritchey; Michael Gianforte; Kyle Smith; Nancy Helgeson; Raymond D. Reed, II; Bryan Sopko; Christopher T. Wilson; Jay Jadeja; Ketan Patel; Rajesh Patel; Paresh Shukla; Rosanno Delara; Randall J. Goyette; Rita M. Goyette; John Thompson; Michael Zari; Michael Crouch; Alex Arriaga; Marius Smook; James McNeil; Suzan McNeil-Tusson; Lolita Alvarez; and Dolores Ceralvo, Appellants, v. JDI Realty, LLC; JDI Loans, LLC; and Jeffrey Aeder, Respondents.

Supreme Court of Nevada.

March 6, 2014.

Attorney(s) appearing for the Case

Lemons, Grundy & Eisenberg and Alice Campos Mercado and Robert L. Eisenberg , Reno; Gerard & Associates and Robert B. Gerard and Ricardo R. Ehmann , Las Vegas, for Appellants.

Lionel Sawyer & Collins and Charles H. McCrea, Jr. , and Lynda Sue Mabry , Las Vegas, for Respondents.

Before GIBBONS, C.J., DOUGLAS and SAITTA, JJ.

OPINION

By the Court, SAITTA, JJ.

After purchasing condominiums and engaging in related transactions at a resort named Las Vegas Cay Club, the appellants (hereinafter the purchasers) filed suit against approximately 40 defendants, including Cay Clubs and respondents Jeffrey Aeder; JDI Loans, LLC; and JDI Realty, LLC. The purchasers alleged that: (1) Cay Clubs ran Las Vegas Cay Club, (2) Cay Clubs inflated the condominiums' value by advertising that...

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