HARRISON v. ENVENTURE CAPITAL GROUP, INC.

No. CIV-86-585E.

666 F.Supp. 473 (1987)

Milo HARRISON, Martin R. Kaiden, Peter T.B. Schaefer, John P. Kelly, Robert J. Meisner, Michael Cavalcanti, David E. Meyers, Sadashiu S. Shenoy, Gabriel Diamond, David J. Kincaid, Jr., John J. Lenahan and Robert H. Henley, Plaintiffs, v. ENVENTURE CAPITAL GROUP, INC., a New York corporation, Enventure Energy, Inc., a New York corporation, Enventure Energy Enhanced Oil Recovery Associates — Charco Redondo Propane, a New York limited partnership, Ronald E. Allen, an individual, Marine Midland Bank, National Association, a National banking association, the Mutual Fire, Marine and Inland Insurance Company of Philadelphia, Pennsylvania, a Pennsylvania corporation, and Freed, Maxich, Sachs & Murphy, P.C., Defendants.

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

August 4, 1987.


Attorney(s) appearing for the Case

Joseph A. Ables, Buffalo, N.Y., for plaintiffs.

Ellen M. Baratz, New York City, for defendants.


MEMORANDUM and ORDER

ELFVIN, District Judge.

The plaintiffs are twelve investors who bought limited partnership interests in Enventure Energy Enhanced Oil Recovery Associates-Charco Redondo Propane ("Charco Redondo"), a tax shelter program. They have brought this action against various corporate, partnership and individual defendants charging them with fraud in connection with the offer and sale of those interests. The Mutual Fire, Marine and Inland Insurance...

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