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ADAMS v. HYANNIS HARBORVIEW, INC.

Civ. A. No. 88-0910-GN.

838 F.Supp. 676 (1993)

Levi C. ADAMS, et al. v. HYANNIS HARBORVIEW, INC.; Norman Chaban; Deborah C. Walsh; Robert A. Keezer; and Federal Deposit Insurance Corporation as Receiver for University Bank, N.A.

United States District Court, D. Massachusetts.

November 8, 1993.

Attorney(s) appearing for the Case

Vincent M. Amoroso, Parker, Coulter, Daley & White, Boston, MA, for plaintiffs.

Steven M. Brody, Brody & Jacobs, Boston, MA, Michael B. Stusse, Ardito, Sweeney, Stusse, Robertson & Dupuy, West Yarmouth, MA, Neal E. Satran, Satran & Marino, Boston, MA, Joseph M. Fahey, Doyle, Boudreau & Fahey, Arlington, MA, Robert J. Kaler, Gadsby & Hannah, Christine P. Deshler, Tedeschi and Grasso, Boston, MA, for defendants.

MEMORANDUM OF DECISION

GORTON, District Judge.

The plaintiffs, twenty-eight individuals who purchased fourteen units in the Hyannis Harborview Condominium complex ("the Harborview"), bring this action against five defendants allegedly involved in the "sale" of Harborview units. Plaintiffs assert that the condominium units they purchased are "securities" under federal and state law and, as such, should have been registered with the Securities and Exchange...

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