The Eleventh Circuit on Thursday upheld a lower court's dismissal of allegations that a pair of developers conspired to defraud high-end real estate buyers in Florida by falsely inflating property sale prices, saying the buyers' "unwieldy, everything-but-the-kitchen-sink approach to pleading" failed.

The ruling, in favor of defendants Ginn Development Co. LLC, Ginn Title Services LLC and Lubert-Adler Partners LP, affirms a lower court's finding that four failed attempts at bringing Racketeer Influenced and Corrupt Organizations Act claims against the defendants, a group that previously included the banks that provided mortgage loans to fund the purchases, are enough.

Ballard Spahr Partner Stephen Kastenberg represented Lubert-Adler in this matter.