S&B is representing about thirty investors in a fraud case against real estate developers that was filed in Phoenix, Arizona. In that case, investors claim the developers made certain misrepresentations, including a promise to use invested funds for a particular mixed-use real estate project in Arizona. The investors claim a large portion of those funds were instead used to acquire a hotel out of state. The investors also claim they were told a portion of their investment would be placed in an interest reserve account, but claim such a reserve account was never created. Development of the project ultimately ceased, and the investors lost their money. The developers, of course, deny any wrongdoing, and S&B expects that this matter will be tried before a jury sometime in early 2013.