Plaintiffs filed a class action lawsuit against the Vass, N.C., property, blaming the resort for plummeting property values after the state ordered the controlled draining of Lake Surf, the subdivision’s 1,200-acre centerpiece, amid concerns about the stability of its dam in the wake of Hurricane Matthew. On March 22, Superior Court Judge James Webb awarded…

Homeowners in the Vass, N.C., community announced on October 23 that they have filed suit against development owner Woodlake CC Corp. for allegedly causing property values to plummet after repeatedly failing to repair a dam’s deteriorated spillway. The company told residents it could not afford to rebuild the dam. Residents of the troubled Woodlake Resort and…