Black Diamond Properties Class Action Rejected

In 2003, Black Diamond Club members tried to file a class action lawsuit claiming management deceived and tricked residents with misleading advertisements about their ability to own a stake in the club. Plaintiffs alleged oral and written misrepresentations took place in 500 separate oral contract transactions spanning many years and involving numerous sales personnel. The 5th District Court of Appeal has rejected the class action lawsuit. (Oct-01-06) [ST. PETERSBURG TIMES: BLACK DIAMOND]