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LIU v. REAL ESTATE INV. GROUP, INC.

Nos. 90 Civ. 7751 (RPP), 90 Civ. 7753 (RPP) and 90 Civ. 7754 (RPP).

771 F.Supp. 83 (1991)

Joseph LIU, Plaintiff, v. REAL ESTATE INVESTMENT GROUP, INC., Simon S. Milne, Martin Ender, Max R. Weiss, Stanley Z. Want, Kenneth Pelsinger, 6209-15 Boulevard East Corp., Creative Capital Group, Eric Kaufman and Joan Kaufman, Defendants. Pablo A. POBLETE, Plaintiff, v. REAL ESTATE INVESTMENT GROUP, INC., Simon S. Milne, Martin Ender, Max R. Weiss, Stanley Z. Want, Kenneth Pelsinger, 6209-15 Boulevard East Corp., Creative Capital Group, Eric Kaufman and Joan Kaufman, Defendants. Jenny W. LUM and Samson Lum, Plaintiffs, v. REAL ESTATE INVESTMENT GROUP, INC., Simon S. Milne, Martin Ender, Max R. Weiss, Stanley Z. Want, Kenneth Pelsinger, 6209-15 Boulevard East Corp., Creative Capital Group, Eric Kaufman and Joan Kaufman, Defendants.

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

August 19, 1991.

Attorney(s) appearing for the Case

Realmuto & D'Alessio, New York City by Richard Realmuto, for plaintiffs.

Max Markus Katz, New York City by Max Marcus Katz, for Real Estate Inv. Group, Inc., Martin Ender, Max R. Weiss, Stanley Want and Kenneth Pelsinger.

OPINION AND ORDER

ROBERT P. PATTERSON, Jr., District Judge.

These are identical actions alleging misrepresentations and omissions in violation of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5 promulgated thereunder, violation of the Racketeer Influenced and Corrupt Organizations Act ("RICO"), 18 U.S.C. § 1961 et seq., and common law fraud in connection with the sale of cooperative apartments to plaintiffs...

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