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SOUTHMARK CORP. v. CAGAN

No. 91-1190.

950 F.2d 416 (1991)

SOUTHMARK CORPORATION, Plaintiff-Appellee, v. Jeffrey CAGAN and Cagan Realty, Inc., et al., Defendants. Dolores Fuhrman, Individually and on Behalf of a Class of Investors, Proposed Intervenor-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided December 6, 1991.

Attorney(s) appearing for the Case

Hal R. Morris (argued), Michael R. Turoff, Debra Williams, Arnstein & Lehr, Chicago, Ill., for plaintiff-appellee.

David A. Genelly (argued), Kenneth F. Berg, Fishman & Merrick, Chicago, Ill., for defendants.

Lawrence W. Schad, James Shedden, Beeler, Schad & Diamond, and David A. Genelly (argued), Kenneth F. Berg, Fishman & Merrick, Chicago, Ill., for intervenor-appellant.

Before CUMMINGS, COFFEY and KANNE, Circuit Judges.

CUMMINGS, Circuit Judge.

This appeal is by Dolores Fuhrman, an Illinois school teacher who unsuccessfully sought to intervene in this foreclosure litigation on behalf of herself and all other persons who invested in one of the "Diamondhead Partnerships"1 between June 1987 and March 1988 and whose money was allegedly diverted from those partnerships by Earl Dean Gordon and his partner, Kenneth...

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