HELENA — Former Republican congressman Rick Hill is among a group of investors alleging they were cheated out of millions in a real estate investment deal.
The issue goes back several years when a real estate investment deal fell apart amid the housing crisis. Investors accused the Idaho-based investment company called DBSI of fraud in a billion-dollar class action lawsuit.
The investors are asking the high court to nullify the arbitration agreements because of the fraud involved.
The company argues that the agreements should stand because the contracts were clear on the issue.
Hill, now running for governor, says he believes in the end that much of the money can be recovered.