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A well-known Saint John developer is being sued by 40 out-of-province investors over real estate deals in Saint John and Fredericton.
John Rocca, the estate of his brother, the late Pat Rocca, several family companies, and a Montreal-area real estate investment promoter are named in the suit.
The investors allege they purchased condominiums at artificially inflated prices after the units and a number of promised extras were misrepresented by the sellers.
The suit claims more than $3 million in damages.
The condominiums in question are in five Saint John developments, including Harbourfront Residences and Waterloo Place Townhouses, and one building in Fredericton, Lincoln…
