ACKERMAN v. NAT. PROPERTY ANALYSTS, INC.

Nos. 92 Civ 0022 (LJF), 92 Civ 1298 (LJF).

887 F.Supp. 494 (1992)

Fred ACKERMAN, et al., Plaintiffs, v. NATIONAL PROPERTY ANALYSTS, INC., et al., Defendants. Steven S. REMINGTON, M.D., et al., Plaintiffs, v. Alan TALANSKY, et al., Defendants.

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

September 9, 1992.


Attorney(s) appearing for the Case

John Triggs, Jacobson & Triggs New York City, for plaintiffs in docket no. 92-CV-0022-LJF.

George W. Croner, Kohn, Savett, Klein & Graf, Philadelphia, PA, Lori A. Sullivan, Sullivan & Damen, White Plains, NY, for Nat. Property Analysts, Inc., Edward B. Lipkin, Howard N. Brownstein.

Daniel P. Levitt, New York City, for Alan Talansky, First Atlantic Inv. Corp., United Growth Properties L.P., United Properties of America, L.P., AST Properties, Inc., Nat. Community Centers III, IV, VII, VIII, IX, X, XI-a, XIV, XV, XVI.

Thomas B. Kinzler, Kelley Drye & Warren New York City, for Travelers Indem. Co.

Charles L. Chrein, New York City, pro se.

William J. Burke, Burke & Stone New York City, for Melvin Spitz.

Robert Carlson, Reid & Priest New York City, for Spengler Carlson Gubar Brodsky & Fischling.

Kenneth J. Warren, Manko Gold & Katcher, Bala Cynwyd, PA, for Admiral Ins. Co.

David A. Boyar, New York City, for Hutton Nelson & McDonald.

David W. Rivkin, Debevoise & Plimpton, New York City, for Price Waterhouse & Co.

Geoffrey W. Heineman, Ohrenstein & Brown, New York City, for Wharton Econometric Forecasting Associates, Inc.

John N. Romans, Katten Muchin & Zavis, New York City, for Greyhound Financial Corp.

James Kaplan, Wilson Elser Moskowitz Edelman & Dicker, New York City, for Weiner Zuckerbrot Weiss & Brecher.

Janis Meyer, White & Case, New York City, for Credit Lyonnais.

Richard O'Leary, McCarter & English, New York City, for Lincoln Nat. Life Ins. Co., Lincoln Nat. Corp., Sec. Conn. Life Ins. Co., First Penn Pacific Life Ins. Co., American States Life Ins. Co.

Solomon J. Jaskiel, Beigel & Sandler, New York City, for plaintiffs in docket no. 92-CV-1292-LJF.

Tracy Elise Poole, Wood, Williams, Rafalsky & Harris, New York City, for Resolution Trust Corp.


OPINION & ORDER

LOUIS J. FREEH, District Judge.

In these related actions, over two hundred individual plaintiffs seek to recover their losses as limited partners in shopping centers organized and sold by defendants.1 Defendants Alan Talansky ("Talansky"), United Growth Properties, L.P. ("United Growth"), AST Properties, Inc. ("AST"), First Atlantic Investment Corp. ("First Atlantic"), United Properties of America,...

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