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HILL v. EQUITABLE BANK

Civ. A. No. 82-220 CMW.

655 F.Supp. 631 (1987)

John T. HILL, et al., Plaintiffs, v. EQUITABLE BANK, National Association, Defendant.

United States District Court, D. Delaware.

Amendment to Opinion March 2, 1987.

Attorney(s) appearing for the Case

Steven D. Goldberg, of Theisen, Lank, Mulford & Goldberg, Wilmington, Del., of counsel: Richard I. Kovelant, and Douglas Clark Hollmann, of Goldman, Kruger, Kovelant, Hurtt, Hollmann & Kaiser of Laurel, Md., for plaintiffs.

Martin I. Lubaroff, of Richards, Layton & Finger, Wilmington, Del., of counsel: Michael D. Colglazier, and Ty Cobb, of Miles & Stockbridge, Baltimore, Md., for defendant.

OPINION

CALEB M. WRIGHT, Senior District Judge.

INTRODUCTION

These consolidated cases arise out of an alleged scheme to defraud plaintiffs in the purchase of interests in two limited partnerships, Wilmington House Associates ("Wilmington House"), and Eagle Associates ("Eagle").1 Defendant Equitable Bank issued letters of credit for some of plaintiffs' investments, was involved in a meeting promoting the investment,...

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