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.

This story contains 1080 words.

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

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