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EXECUTIVE HOUSE v. HAGEN

108 Misc.2d 986 (1981)

Executive House Realty et al., Plaintiffs, v. Ronald A. Hagen et al., Defendants.

Supreme Court, Queens County.

March 3, 1981

Attorney(s) appearing for the Case

Kronish, Lieb, Shainswit, Weiner & Hellman (Alan Levine and Lisa Goldberg Ozer of counsel), for plaintiffs. Dewey, Ballantine, Bushby, Palmer & Wood (Howard B. Hander of counsel), for Edmund T. Pratt, Jr., and others. Stuart F. Shaw for Eban W. Pyne and others. Wiener & Zuckerbrot (Leonard J. Hirschorn of counsel), for Gary Lichtenstein, petitioner. Edward G. McCabe, County Attorney (Angelo P. Scarinzi of counsel), for Sheriff of Nassau County.

ROSE L. RUBIN, J.

I.

The proliferation of limited partnerships brings with it a variety of new legal issues. This case raises several such issues. This action was brought to recover damages for the alleged conversion from Executive House Realty, a limited partnership, of $992,000 in cash contributions from limited partners and cash advanced to this limited partnership upon promissory notes executed by the limited partners. The transactions are...

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