AMENDED COMPLAINT – ARIZONA CLASS ACTION AGAINST KB HOME

By Kent Berk on December 24th, 2009 in BLOG, REAL ESTATE LAW

On July 21, 2009, an amended complaint was filed against KB Home, Countrywide and others in the United States District Court for Arizona. The amended complaint includes the same basic claims as in the original complaint – that the Defendants engaged in a scheme to artificially inflate prices and home values using fraudulent appraisals, among other things.