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IN RE PROFESSIONAL FINANCIAL MANAGEMENT, LTD.

Civ. No. 4-85-1600.

703 F.Supp. 1388 (1989)

In re PROFESSIONAL FINANCIAL MANAGEMENT, LTD.—Master Docket.

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

January 19, 1989.

Attorney(s) appearing for the Case

Jeff Ross and Richard I. Diamond, Estes, Parsinen & Levy, and Alonzo B. Seran, Olson, Gunn & Seran, Minneapolis, Minn., for plaintiffs.

Richard G. Wilson, Maslon Edelman Borman & Brand, Minneapolis, Minn., for defendants Preeshl, Helstad Shoup & Co., Michael J. Bruder, Robert Shoup, Mary Glubka and Earl Engelson.

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

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

MEMORANDUM OPINION AND ORDER

DIANA E. MURPHY, District Judge.

I. Background

The general background of this complex litigation is set forth in the court's April 15, 1987 Memorandum Opinion and Order in Nielsen v. Professional Financial Management, Ltd., 682 F.Supp. 429 (D.Minn.1987). Plaintiffs' claims in Nielsen relate to the "Energy Brain" leasing and tax shelter plan. Now before the court are...

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