Court sides with Osprey Point developer in dispute with NV Homes
The Delaware Court of Chancery has ruled in favor of Osprey Point Preserve LLC in its dispute with homebuilder NVR Inc.
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Delaware’s Court of Chancery ruled for Osprey Point Preserve in its dispute with NVR, finding the homebuilder breached their agreement, the developer owns the marina parcel and validly terminated the lot-purchase agreement after NVR remained in default over additional lot purchases.