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ANDERSON v. LOWREY

No. 86 Civ. 8121 (LBS).

667 F.Supp. 105 (1987)

Grace ANDERSON, et al., Plaintiffs, v. James J. LOWREY, et al., Defendants.

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

August 5, 1987.

Attorney(s) appearing for the Case

Pryor, Cashman, Sherman & Flynn, New York City, for plaintiffs; Gideon Cashman, Sanford M. Goldman, Andrew H. Bart, of counsel.

Cleary, Gottlieb, Steen & Hamilton, New York City, for defendant James J. Lowrey; Jonathan I. Blackman, Mitchell A. Lowenthal, of counsel.

Cahill Gordon & Reindel, New York City, for defendants John D. Kuhns and Robert W. MacDonald; George Wailand, William M. Murphy, of counsel.

OPINION

SAND, District Judge.

This action arises from the sale of interests in J.J. Lowrey & Co., a New York limited partnership (the "Limited Partnership"). The plaintiffs in this action constitute over 40 percent (24 out of 55) of the limited partners, who each invested at least $150,000 in the partnership during 1981. Defendant James J. Lowrey is the managing, general partner of the Limited Partnership...

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