Residents claim financial abuse at Vi at Palo Alto | February 21, 2014 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - February 21, 2014

Residents claim financial abuse at Vi at Palo Alto

Class-action lawsuit alleges Vi's parent company is withholding seniors' millions

by Sue Dremann

A class-action lawsuit filed by residents of Vi at Palo Alto, including a Nobel Laureate and a World War II journalist, alleges Vi's parent company, CC-Palo Alto, transferred millions of dollars in refundable entrance fees from the senior retirement community to its corporate parent in Chicago, jeopardizing the financial security of the residents.

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Staff Writer Sue Dremann can be emailed at sdremann@paweekly.com.

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