Back to the subject:
Svelte is right–it depends entirely on the nature of the litigation. Such potential liabilities can drastically lower the price of the condos, giving you a windfall bargain if the market is unduly fearful. The fact that you can pay cash further helps your negotiating position. BTW would you be paying cash because this is one of those developments lenders won’t lend on because of a high percentage of renters? That can further knock down the market value.
Tell us the nature of the pending litigation–how big, probability of success, etc.
