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IN RE BOARDWALK MARKETPLACE SECURITIES LITIGATION

MDL No. 712 (WWE).

668 F.Supp. 115 (1987)

In re BOARDWALK MARKETPLACE SECURITIES LITIGATION.

United States District Court, D. Connecticut.

September 14, 1987.

Attorney(s) appearing for the Case

John A. Cvarch, Shipman & Goodwin, Hartford, Conn., for defendant Forbco Management Corp.

James G. Greene, Jr., Pepe & Hazard, Hartford, Conn., for defendants Arthur and Donna Minardi.

Frederick U. Conrad, Jr., Shipman & Goodwin, Hartford, Conn., for defendant William H. Horton.

Stephen P. Hoffman, Pomerantz Levy Haudek Block & Grossman, New York City, for plaintiffs David Bossy and Richard W. Lazaro.

Bennett H. Last, Gilbride, Tusa, Last & Spellane, New York City, for plaintiff Public Loan Co., Inc.

Ann M. Siczewicz, Walter E. Paulekas, Schatz & Schatz, Ribicoff & Kotkin, Hartford, Conn., for plaintiff Home Bank and Trust Co.

David G. Hetzel, Hebb & Gitlin, Hartford, Conn., for plaintiff BarclaysAmerican/Business Credit, Inc.

John W. Cannavino, Timothy G. Ronan, Cummings & Lockwood, Stamford, Conn. and William A. Harvey, John Spelman, Klehr, Harrison, Harvey, Branzburg, Ellers & Weir, Philadelphia, Pa., for defendant Syracuse Sav. Bank.

David W. Schneider, Tyler Cooper & Alcorn, New Haven, Conn., for defendant Binghamton Sav. Bank.

INTERLOCUTORY RULING ON MOTIONS FOR PARTIAL SUMMARY JUDGMENT

EGINTON, District Judge.

This complex litigation arises from the formation and demise of nine limited partnerships organized to redevelop property in Atlantic City, New Jersey. Investors who purchased partnership interests sought tax benefits from their investments. To finance their purchases, the investors executed promissory notes payable to American Funding Limited. With the collapse of the...

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