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PAWGAN v. SILVERSTEIN

No. 66 Civ. 3351.

265 F.Supp. 898 (1967)

Martin PAWGAN et al., Plaintiffs, v. Larry A. SILVERSTEIN et al., Defendants.

United States District Court S. D. New York.

March 30, 1967.

Attorney(s) appearing for the Case

Harvey M. Sklaver and Schwartz & Frank, New York City, for plaintiffs; George H. Schwartz, Harvey M. Sklaver and Paul E. Gelbard, New York City, of counsel.

Benedict Ginsberg, New York City, for defendants.

METZNER, District Judge.

The plaintiffs are five individuals, each of whom purchased general partnership interests in Motel City B Associates, a New York general partnership. The defendants are three individuals who also had general partnership interests in Associates and were designated as the managing partners.

The plaintiffs seek rescission of their purchase based on alleged violations of sections 17(a) and 12(2) of the Securities Act of 1933, as amended...

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