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REDMAN INDUSTRIES v. TOWER PROPERTIES, INC.

Civ. A. No. C79-1326.

517 F.Supp. 144 (1981)

REDMAN INDUSTRIES, INC., and Redman Development Corporation, Plaintiffs, v. TOWER PROPERTIES, INC., Presidential Properties, Inc., and American Allegheny, Inc., formerly Thirty-Three Hundred Corporation, Defendants.

United States District Court, N. D. Georgia, Atlanta Division.

May 29, 1981.

Attorney(s) appearing for the Case

John A. Howard and David K. Whatley, Smith, Cohen, Ringel, Kohler & Martin, Atlanta, Ga., for plaintiffs.

Edgar H. Sims, Jr. and Frank A. Lightmas, Jr., Kutak, Rock & Huie, Atlanta, Ga., for defendants.

ORDER

ROBERT H. HALL, District Judge.

I. Introduction

This case arises from a complex series of business transactions between plaintiffs (Redman), defendants, and Wachovia Realty Investments (Wachovia). In February, 1975, Tower Properties, one of the defendants, purchased the Quail Creek apartment project from Redman Development Corporation for $6,800,000.00. Wachovia provided the financing....

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