LUBIN v. SYBEDON CORP.

Civ. No. 87-1844-E(IEG).

688 F.Supp. 1425 (1988)

Robert P. LUBIN, Plaintiff, v. SYBEDON CORPORATION, et al., Defendants.

United States District Court, S.D. California.

June 22, 1988.


Attorney(s) appearing for the Case

Michael J. Aquirre, Patricia A. Meyer, Michael McCabe, Law Offices of Michael J. Aquirre, Allan J. Reniche, James C. Krause, Reniche & Krause, and Terry J. Knoepp, Worley, Schwartz, Garfield & Rice, San Diego, Cal., for plaintiff.

John H. L'Estrange, William Nevitt, Wright & L'Estrange, San Diego, Cal., for Sybedon Corp., Sybedon Equities Corp., Edwin J. Glickman, Bertram Lewis, Arthur Fefferman, Donald M. Flaks, Mitchell Davis, Evan Graf and Dean Levitt.

Donald M. Wessling, Eugene Hanson, O'Melveny & Myers, Los Angeles, Cal., for Prudential-Bache Properties, Inc. and Prudential-Bache Securities, Inc.

Donald McGrath II, John Hershberger, Macdonald, Halsted & Laybourne, San Diego, Cal., for Christopher D. Sickels, CDS-Grant Associates, CDS-Grant Corp., CDS Management Co., Inc., CDS Lodging Properties, Inc. and Ulysses Management Co.

Michael D. Dempsey, Joel Schiff, Shea & Gould, Los Angeles, Cal., for Pannell Kerr Forster.

Peter Benzian, Mark W. Smith, Latham & Watkins, San Diego, Cal., for Laventhol & Horwath.

Michael Weaver, Timothy Taylor, Sheppard, Mullin, Richter & Hampton, San Diego, Cal., for Home Federal Sav. & Loan.

Morton Rosen, Haight, Brown & Bonesteel, Santa Monica, Cal., for Hill Financial Sav. & Loan.

Kinkle, Rodiger & Spriggs, San Diego, Cal., agent for Wilrock Appraisal & Consulting, Inc.

R. Gaylord Smith, Patrick E. Mundy, Lewis, D'Amato, Brisbois & Bissgard, San Diego, Cal., Robert J. Perry, Brown & Wood, New York City, agent for National Union & Fire Ins. Co. of Pittsburgh.


MEMORANDUM DECISION

ENRIGHT, District Judge.

INTRODUCTION

This is a proposed class action for damages, injunctive relief, rescission, attorneys' fees and other relief brought by investor Robert Lubin against a wide array of defendants who were involved in the restoration of the U.S. Grant Hotel (hereinafter "Hotel") in San Diego. Lubin alleges generally that through material misstatements and omissions defendants fraudulently exaggerated the prospects...

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