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IN RE ENDEAVOUR HIGHRISE, L.P.

Bankruptcy No. 09-33151-H4-11. Adversary No. 09-03267.

432 B.R. 583 (2010)

In re ENDEAVOUR HIGHRISE, L.P., Debtor. Endeavour GP, LLC, Plaintiff, v. Endeavour Highrise, L.P. et al., Defendants.

United States Bankruptcy Court, S.D. Texas, Houston Division.

July 13, 2010.

Attorney(s) appearing for the Case

Susan J. Taylor, Taylor Law Group, Houston, TX, for Plaintiff.

Amy Kathleen Wolfshohl, Joshua Walton Wolfshohl, Porter & Hedges, William L. Van Fleet, II, Frank, Elmore, Lievens, Chesney & Turet, L.L.P, Paul J. McConnell, III, DeLange, Hudspeth, McConnell & Tibbets, Houston, TX, for Defendants.

MEMORANDUM OPINION ON TRUSTEE'S AMENDED CROSS-CLAIMS AND THIRD-PARTY CLAIMS

JEFF BOHM, Bankruptcy Judge.

I. INTRODUCTION

The facts in this case demonstrate the continuing vitality of the adage that "if it sounds too good to be true, it really is." Here, several individuals paid over $1 million in the aggregate as non-refundable deposits for certain real estate without reading the contracts or inspecting the condominium units they were purchasing...

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