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MARKET STREET ASSOCIATES v. FREY

Civ. A. No. 89-C-0084.

817 F.Supp. 784 (1993)

MARKET STREET ASSOCIATES LIMITED PARTNERSHIP, a Wisconsin limited partnership, and William Orenstein, as general partner of Market Street Associates Limited Partnership, Plaintiffs, v. Dale FREY, Arthur Bahr, John H. Myers, Alan M. Lewis and Michael J. Cosgrove as Trustees for The General Electric Pension Trust; and The General Electric Pension Trust, Defendants.

United States District Court, E.D. Wisconsin.

April 6, 1993.

Attorney(s) appearing for the Case

Jane C. Schlicht, William H. Alverson, Godfrey & Kahn, Milwaukee, WI, for plaintiffs.

James W. Greer, Jr., Whyte & Hirschboeck, Milwaukee, WI, and Sanford W. Morhouse, Dewey, Ballantine, Busby, Palmer & Wood, New York City, for defendants.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

REYNOLDS, Senior District Judge.

BACKGROUND

Plaintiffs are Market Street Associates Limited Partnership ("Market Street"), a limited partnership organized under Wisconsin law, and William Orenstein, ("Orenstein"), Market Street's general partner and manager. Orenstein has been in the real estate business since 1953, and has had personal involvement with numerous financing and improvement projects. Market...

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