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KORN v. FRANCHARD CORPORATION

No. 67 Civ. 3445 (WCC).

388 F.Supp. 1326 (1975)

Ruth KORN, Individually and as executrix of the Estate of Ben Korn, Deceased, on behalf of herself and all other Purchasers and Holders of Limited Partnership Interests in 63 Wall Associates similarly situated, Plaintiff, v. FRANCHARD CORPORATION et al., Defendants.

United States District Court, S. D. New York.

January 28, 1975.

Attorney(s) appearing for the Case

McConnell, Scheuermann & Davis, New York City, for plaintiff; Wendell Davis, Jr., New York City, of counsel.

Simpson, Thacher & Bartlett, New York City, for defendants Franchard Corp. and Glickman Servicing Corp.; Peter J. Schlesinger, New York City, Linda L. Randell, Chicago, Ill., Paul G. Wallach, New York City, of counsel.

Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendants Siegel and Young.

OPINION AND ORDER

CONNER, District Judge:

In 1961 plaintiff and her husband, since deceased, purchased two units of limited partnership in a real estate syndication known as 63 Wall Associates for $10,000.00. Six years later, plaintiff initiated this action against the general partners and others alleging that the prospectus dated September 6, 1961 was contaminated by well over one hundred misrepresentations...

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