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SOMERSET LTD. PARTNERSHIP v. WINEBERG

Nos. 01 C 0190, 01 C 4095.

198 F.Supp.2d 969 (2002)

SOMERSET LIMITED PARTNERSHIP, an Illinois limited partnership, and Hohmann OP Holdings, LLC, an Illinois limited liability company, Plaintiffs, v. Julian WINEBERG and the United States of America, Defendants. United States of America, Plaintiff, v. Julian Wineberg and Hohmann OP Holding, LLC, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

April 30, 2002.

Attorney(s) appearing for the Case

Stuart Michael Widman, Mary Katherine Danna, Much, Shelist, Freed, Denenberg, Ament & Rubenstein, P.C., Chicago, IL, for Plaintiffs.

Liat Riff, Katten, Muchin & Zavis, Chicago, IL, Douglas W. Snoeyenbos, United States Department of Justice, Tax Division, Washington, DC, for Defendants.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Julian Wineberg had a limited partnership interest in Somerset Limited Partnership. In 1998, Mr. Wineberg entered into a "Cash Option Agreement" with Hohmann OP Holdings, L.L.C., giving Hohmann the option to buy Mr. Wineberg's interest in Somerset for $426,822. Hohmann exercised the option on July 1, 1999, but has not paid Mr. Wineberg because it was uncertain about the status of certain tax liens...

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