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IN RE PROFESSIONAL FINANCIAL MANAGEMENT, LTD.

Civ. No. 4-85-1600.

683 F.Supp. 1283 (1988)

In re PROFESSIONAL FINANCIAL MANAGEMENT, LTD.—MASTER DOCKET.

United States District Court, D. Minnesota, Fourth Division.

April 12, 1988.

Attorney(s) appearing for the Case

Richard I. Diamond and Linda M. Tedford, Estes, Parsinen & Levy, and Alonzo B. Seran, Olson, Gunn & Seran, Minneapolis, Minn., for plaintiffs.

Thomas J. Shroyer and Beth M. Timm, Moss & Barnett, Minneapolis, Minn., for defendants and third-party plaintiffs Professional Financial Management, Ltd., J. Kmetz & Associates, Joseph Kmetz, and James Kmetz.

Wade R. Wacholz, Gislason, Dosland, Hunter & Malecki, Minneapolis, Minn., for defendants Arthur W. Olstead and Olstead & Associates, Inc.

Allen I. Saeks and James G. Bullard, Leonard, Street & Deinard, Minneapolis, Minn., for third-party defendants Mackall, Crounse & Moore, Roger V. Stageberg, and Eric O. Madson.

MEMORANDUM OPINION AND ORDER

DIANA E. MURPHY, District Judge.

The background of this complex litigation, which involves claims related to the "Energy Brain" and "Kiddie Klassics" tax shelter plans, is set forth in the court's April 13, 1987 Memorandum Opinion and Order. On October 27, 1987, almost two years after the original actions were commenced, defendants Professional Financial Management, Ltd., J. Kmetz & Associates, Joseph Kmetz and James Kmetz...

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