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COHEN v. TENNEY CORPORATION

No. 67 Civ. 4187.

318 F.Supp. 280 (1970)

Abraham COHEN and Esther Friedlander, as Co-Executors of the Last Will of Raphael Cohen, Deceased, and Alexander Theoharous on behalf of themselves and all other Purchasers of Securities in 52 Broadway Realty Company, similarly situated, Plaintiffs, v. TENNEY CORPORATION, Jerry M. Tenney, Jack Fechter, Belle Bergner, Louis Monas, Tenney Broadway Realty Corporation, Tenney Securities Corporation, Julia Monas, Bodin, Gottlieb & Charney, Zev William Wolfson and Broadway Equities, Inc., Defendants.

United States District Court, S. D. New York.

July 17, 1970.

Attorney(s) appearing for the Case

Sands, Geller & Webb, by Ira Jay Sands, New York City, for plaintiffs.

Tenzer, Greenblatt, Fallon & Kaplan, by Edward L. Sadowsky, New York City, for Tenney defendants.

Elson & Halperin, New York City, for defendant Jack Fechter.

Mulligan, Newcomb & Jacobson, by Wellington A. Newcomb, New York City, for defendants Zev William Wolfson and Broadway Equities, Inc.

OPINION

TYLER, District Judge.

Plaintiffs were limited partners in a real estate syndication, 52 Broadway Realty Company, which was organized in 1962. In this litigation they are suing the general partners and original limited partners,1 the legal and business counsel of the partnership and various corporations and individuals who did business with the general partners. Plaintiffs charge that the defendants entered into a common...

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