Fairways at Lake Ridge diminished property values $750K class action lawsuit settlement

A $750,000 settlement has been reached in a class action lawsuit alleging the Fairways at Lake Ridge community in Lakewood, New Jersey, was falsely marketed as a golf community adjacent to a golf course that would remain in perpetuity.

Anyone who purchased a home in the Fairways at Lake Ridge community and continued to own that home as of Feb. 14, 2017, or if they executed a sales contract to purchase a home in the Fairways community before Feb. 14, 2017, but closed after that date may be entitled to compensation from the Fairway at Lake Ridge class action settlement.

The Fairways at Lake Ridge community had an adjacent 18-hole golf course, which the defendants allegedly marketed as remaining in perpetuity. However, the Fairways at Lake Ridge class action lawsuit alleges the defendants sold the golf course to a third-party developer that intended to build a new residential community on the land, App reported.

The plaintiffs assert their home value diminished as a result of the planned sale of the golf course to a developer who planned to develop it as a residential community.

The Fairways at Lake Ridge class action lawsuit claims the defendants violated the New Jersey Consumer Fraud Act and the New Jersey Planned Real Estate Development Full Disclosure Act.

The defendants deny any wrongdoing but agreed to settle the Fairways at Lake Ridge class action lawsuit without admitting liability.

Eligible class members who do not opt out will automatically receive payment if the settlement is granted final approval. Only one payment will be issued per household regardless of the number of eligible Class Members living in that household.

The total amount each household will receive will depend on the total number of Class Members who participate in the Fairways at Lake Ridge settlement.

The final hearing is scheduled for Aug. 12, 2022.

The deadline to opt out of or object to the class action settlement is July 22, 2022. No claim form is required, but class members who need to update their address and contact information may do so on the settlement website.

Who’s Eligible

Anyone who purchased a home in the Fairways at Lake Ridge community and continued to own that home as of Feb. 14, 2017, or if they executed a sales contract to purchase a home in the Fairways community before Feb. 14, 2017, but closed after that date may be entitled to compensation from the Fairway at Lake Ridge class action settlement.

Potential Award

TBD

Proof of Purchase

No proof of purchase applicable

Update Contact Information

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Update Contact Information Deadline

07/22/2022

Case Name

Frederick Robison, Carol Jameson, and Victor Dangelo V. The Kokes Family, et al., Docket No. OCN-L-1268-18, in the Superior Court of New Jersey, Law Division, Ocean County

Final Hearing

08/12/2022

Settlement Website

FairwaysClassAction.com

Claims Administrator

Robison v The Kokes Family Settlement
PO Box 23459
Jacksonville, FL 32241

Class Counsel

Ronald Lueddeke
LUEDDEKE LAW FIRM

Defense Counsel

Robert Novack
Michael D Margulies
CARLTON FIELDS PA