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TPG of Scottsdale LLC v. Scott Desert Shadows LLC (In re Scott Desert Shadows LLC)

TPG of Scottsdale LLC v. Scott Desert Shadows LLC (In re Scott Desert Shadows LLC)

Ruling
Rejection of executory agreement for sale of real property terminated the agreement effective the day preceding filing.
Procedural posture

Defendant seller filed a motion to quash a lis pendens filed by plaintiff assignee on the same day as the assignee's complaint for fraudulent inducement, promissory estoppel, negligent misrepresentation, breach of the covenant of good faith and fair dealing, unjust enrichment, reformation, moneys paid by mistake, and conversion.

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opinion summary, case decided on April 14, 2006 , LexisNexis #0906-078