Tolani

Filed 8/13/14 Tolani v. International Fidelity Ins. CA3

NOT TO BE PUBLISHED

California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

THIRD APPELLATE DISTRICT

(Placer) ----

TONY TOLANI et al., C071354

Plaintiffs and Respondents, (Super. Ct. No. SCV27567)

v.

INTERNATIONAL FIDELITY INSURANCE

COMPANY,

Defendant and Appellant.

Plaintiffs, several individuals, entered into contracts to purchase luxury penthouse condominiums at Lake Tahoe, and made earnest money deposits. In accordance with state law, these deposits were covered by surety bonds, and then released to the developer. The developer defaulted on the construction loan, and, at the close of escrow of the condominiums, was unable to deliver clear title. Plaintiffs demanded of the developer and the sureties the return of…