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BRAMAN v. WOODFIELD GARDENS ASSOCIATES

No. 88 C 9116.

715 F.Supp. 226 (1989)

Norman BRAMAN and Edward R. Leibowitz, individually and d/b/a Braman-Leibowitz Associates No. 2, a general partnership organized under the laws of Florida, Plaintiffs, v. WOODFIELD GARDENS ASSOCIATES, REALCORP INVESTORS I, Realcorp Investors VII, Realcorp, Inc., Allen Perres, William E. Dec, and Edward F. Niziol, Defendants.

United States District Court, N.D. Illinois, E.D.

June 29, 1989.

Attorney(s) appearing for the Case

Laurence H. Lenz, Jr., Michael McGreal, Katten Muchin & Zavis, Chicago, Ill., for plaintiffs.

Stephen Novack, Bruce Braverman, Novack and Macy, Chicago, Ill., for defendants.

ORDER

BUA, District Judge.

Realcorp, Inc. ("Realcorp"), an Illinois corporation, specializes in forming limited partnerships for the purpose of investing in or acquiring residential properties. Realcorp then sells interests in the partnerships it creates. In late 1984, Realcorp's officers—Allen Perres, William Dec, and Edward Niziol—organized a partnership called Woodfield Gardens Associates ("Woodfield Gardens"), which acquired and operated...

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