PLOTCH v. GREGORY

No. 82-2107.

463 So.2d 432 (1985)

Eli PLOTCH and Philip Berkley, Appellants, v. August GREGORY, Jr., et al., Appellees.

District Court of Appeal of Florida, Fourth District.

February 6, 1985.


Attorney(s) appearing for the Case

Phillip C. Houston of Kocha & Houston, P.A., West Palm Beach, and Paula Gold of Baskin & Sears, P.A., Boca Raton, for appellants.

B.F. Paty, Jr., of Paty, Downey, Lewis & Fick, Palm Beach, for appellees.


HURLEY, Judge.

Plotch and Berkley, investors in a deal gone sour, appeal the entry of adverse directed verdicts. We find error and reverse.

Atlantic Southern Group, Inc. ("ASG"), engages in the business of syndicating real estate into limited partnerships. It locates desirable pieces of property and then attempts to "lock them up" with an option to purchase or other form of agreement. Next, it prepares and circulates a prospectus aimed at attracting investors...

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