BOLEY v. PINELOCH ASSOCIATES, LTD.

No. 87 Civ. 5124 (JMW).

700 F.Supp. 673 (1988)

John R. BOLEY, et al., Plaintiffs v. PINELOCH ASSOCIATES, LTD., et al., Defendants.

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

July 15, 1988.


Attorney(s) appearing for the Case

Steven J. Toll, Cohen, Milstein & Hausfeld, Washington, D.C., for plaintiffs.

Martha R. Overall, Orrick, Herrington & Sutcliffe, New York City, for PaineWebber.

David A. Stein, Stroock & Stroock & Lavan, New York City, for Cornerstone defendants.

Charles J. Moxley, Jr., Jones Hirsch Connors & Bull, New York City, for Borod.

Shephard Lane, New York City, for Pinelock Associates, Ltd. and Ivor B. Clark.


MEMORANDUM AND ORDER

WALKER, District Judge:

I. INTRODUCTION

This matter is currently before the Court on defendants' motions to dismiss the amended complaint under Fed.R.Civ.P. 9(b) and 12(b)(6). The action involves allegations of fraud in the solicitation of investors in a real estate partnership. For the reasons stated below, the Court grants the motions in part and denies them in part.

Plaintiffs...

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