February 26, 2019 -- A major Santa Monica apartment owner won't get back the properties he claimed had been fraudulently taken and sold by investors, two Superior Court judges ruled in separate cases on Friday.

The rulings could put an end to a five-year quest by Neil Shekhter and NMS Properties, Inc. to reclaim nine properties included in a portfolio that boasted some two dozen apartment buildings, most of them in Downtown Santa Monica.

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