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MORGAN v. PRUDENTIAL GROUP, INC.

No. 75 Civ. 5245(MEL).

527 F.Supp. 957 (1981)

Henry J. MORGAN, Plaintiff, v. PRUDENTIAL GROUP, INC.; Prudential Ventures Corp.; Nathan M. Shippee; John T. Becker, Richard N. Funkhouser; Frederick M. Glass; Charles J. Kushell, Jr.; Adolph Magidson; Winston S. McAdoo; Price Waterhouse & Co.; Palmer, Serles & Baar; and Caplin & Drysdale, Defendants.

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

December 9, 1981.

Attorney(s) appearing for the Case

Silverman & Harnes, New York City, for plaintiffs; Joan T. Harnes, New York City, of counsel.

Blatt & Smithline, New York City, for the Prudential defendants.

Milbank, Tweed, Hadley & McCloy, New York City, for Caplin & Drysdale and Mortimer M. Caplin; Adlai S. Hardin, Jr., Samuel H. Gillespie, III, Susan E. Lewis, New York City, of counsel.

D'Amato & Lynch, New York City, for Palmer, Serles & Baar; Robert E. Meshel, Andrew R. Simmonds, New York City, of counsel.

Curtis, Mallet-Prevost, Colt & Mosle, New York City, for Price Waterhouse & Co.

LASKER, District Judge.

This case arises from plaintiff, Henry Morgan's, ("Morgan") investment in a limited partnership interest in the Plaza One Development Fund ("Plaza One") in May, 1972. The background facts are fully set out in our previous published opinions, 446 F.Supp. 628 (D.C.1978) and 81 F.R.D. 418 (D.C.1978), and are merely summarized here.

In September, 1980, we held that Morgan's third amended complaint stated...

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