Alleges that the Ginn Company has breached agreements and violated several laws, including the Interstate Land Sales Full Disclosure Act and the Securities and Exchange Act of 1934, on sales of residential lots in Florida. (Source) HT: Lynne Vogel
Closer to home, we hear that one-quarter of the residential lots offered at the huge Laurelmor development (mostly in Watauga County) have sold. If you need to know what they're selling for, you can't afford one.
We also hear that the original four golf courses at Laurelmor have been scaled back to one, which is currently being built.