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DREXEL BURNHAM LAMBERT INC. v. SAXONY HEIGHTS REALTY

No. 90 Civ. 5785 (SWK).

777 F.Supp. 228 (1991)

DREXEL BURNHAM LAMBERT INC., Donna & Co., Germania Bank, F.S.B., Maine Savings Bank, Fidelity Bankers Life Insurance Company, the Bank of Hartford, Inc., Pima Federal Savings and Loan Association, Foothill Capital Corporation, and River Valley Savings Bank, Plaintiffs, v. SAXONY HEIGHTS REALTY ASSOCIATES, Acropolis Associates, Fruchthandler Brothers Enterprises, Armax Associates, Saxony Towers Realty Corp., N.S. Realty Company, T.F.A. Associates, Sheffield Gardens Holding Corp., Acrop Gardens Holding Corp., Marsar Realty Company, Acropolis Gardens Realty Corp., Sara Leifer, Rubin Schron, Mina Glick, Martin Tepper, and Nachman Nacham, United Mutual Realty Inc., Anthony Bennet, NKK Assoc. Inc., Chinom Realty, Janet Ger, Gloria Anderson, Walter Friere, Ted Carpluk, Jr., Evelyn Lott, Nestor Alvarez, Robert Bass, Jeffrey Mont, Marie Arboleda, Goldnick Associates, Arnold Berez, Steven Berger, Mark Borosky, Arlene Burke, Jay Conway, Luisa Del Villar, Louella Derera, Jeff Gruebel, Henry Obritsch, Earthia Jenkins, Jorge Rivera, Imer Lajqi, Amzi Nebija, Caroline Lucero, Oscar Marin, Reina Natali, Bernard Otterman, Janet Sernaque, Osvaldo Serret and Jairo Arredondo, Defendants.

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

September 3, 1991.

Attorney(s) appearing for the Case

Dow, Lohnes & Albertson, New York City, for plaintiffs.

Hall, Dickler, Lawler, Kent & Friedman by Seymour Shainswit, New York City, for defendants, Saxony Heights Realty Corp. and Acropolis Gardens Realty Corp.

Herrick, Feinstein by Christopher Sullivan, New York City, for all remaining defendants.

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

In this action involving bank loans for the refinancing and conversion of two apartment buildings into cooperative units, defendants have moved pursuant to Rules 12(b)(6), 12(b)(1) and 9(b) of the Federal Rules of Civil Procedure (hereinafter "Fed. R.Civ.P.") for an order dismissing the claims in plaintiffs' amended complaint ("Amended Complaint"). This motion follows the Court's denial of plaintiffs' motions...

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