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CARLSON v. ALDEN EQUITIES, INC.

Civ. A. No. 85-2989.

617 F.Supp. 536 (1985)

Don W. CARLSON, Irwin Feinberg, Terry E. Sheldon, Robert J. De Monte, Wendell B. Barnes, Robert J. Blake, Fred H. Field, Albert H. Schaaf, and Douglas M. Temple as trustees of Consolidated Capital Income Trust, v. ALDEN EQUITIES, INC., Medical Tower Ltd. and Olive Street Investments, Inc.

United States District Court, E.D. Pennsylvania.

August 23, 1985.

Attorney(s) appearing for the Case

Schnader, Harrison, Segal & Lewis by Jerome J. Shestack, David Smith, Joseph C. Crawford, Philadelphia, Pa., for plaintiffs.

Berger & Montague, P.C. by David Berger, Howard I. Langer, Warren D. Mulloy, Stephen D. Ramos, Philadelphia, Pa., for defendants.

MEMORANDUM

LOUIS H. POLLAK, District Judge.

This action arises out of a loan made by plaintiffs, trustees of Consolidated Capital Income Trust, to defendants, in consideration of a promissory note secured by a Mortgage, Assignment of Rents, and Security Agreement with the Defendants Alden Equities and Medical Tower Ltd. as mortgagor. This Agreement was later modified by a Restatement and Settlement Agreement into which these parties, as well as defendant...

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