PUTNAM v. DeROSA

Nos. 91-1485, 91-1486, 91-1578 and 91-1579.

963 F.2d 480 (1992)

Michael PUTNAM and Maureen Putnam, Plaintiffs, Appellees, v. Steven J. DeROSA, etc., et al., Defendants, Appellees, Triad Finance Corporation, Defendant, Appellant. Michael PUTNAM and Maureen Putnam, Plaintiffs, Appellants, v. Steven J. DeROSA, etc., et al., Defendants, Appellees. Michael PUTNAM and Maureen Putnam, Plaintiffs, Appellees, v. Steven J. DeROSA, etc., et al., Defendants, Appellees, Progressive Consumers Federal Credit Union, Defendant, Appellant. Michael PUTNAM and Maureen Putnam, Plaintiffs, Appellees, v. Steven J. DeROSA, etc., et al., Defendants, Appellees. Robert Amirault and DeRosa Properties, Inc., Defendants, Appellants.

United States Court of Appeals, First Circuit.

Decided May 6, 1992.


Attorney(s) appearing for the Case

Harvey Weiner with whom Mark C. McCrystal, John J. O'Connor and Peabody & Arnold, Boston, Mass., were on brief for Nat. Credit Union Admin., as Conservator for Progressive Consumers Federal Credit Union.

Joseph T. Papetti, Cambridge, Mass., for Steven J. DeRosa, Christie L. DeRosa, DeRosa Properties, Inc. and Robert Amirault.

Robert E. Keane, Cambridge, Mass., for Triad Finance Corp.

Thomas P. Billings with whom Sally & Fitch, Boston, Mass., was on brief for Michael Putnam and Maureen Putnam.

Before BREYER, Chief Judge, SELYA and CYR, Circuit Judges.


BREYER, Chief Judge.

In December 1986, Michael and Maureen Putnam bought four condominiums in a Newburyport apartment complex as an investment. In July 1989, they sued the sellers and financers. They claimed that the salesman had lied to them about the apartments. And, they asked for rescission, restitution, and damages. The trial court entered a judgment for rescission and restitution, but not for damages. Several of the parties appeal. We affirm the trial court...

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