BECHERER v. MERRILL LYNCH

Civ. A. No. 89-72502.

799 F.Supp. 755 (1992)

Richard C. BECHERER, Lawrence Milton Richard, Robert A. Horvath and Shirley L. Horvath, and Henry V. Denolf and Joann L. Denolf, individually, and on behalf of all others similarly situated, Plaintiffs, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INCORPORATED, Can-American Corporation, Can-American Realty Corporation, Shelter Seagate Corporation, Garrett G. Carlson, Graham C. Lount, Arni Thorsteinson, Frank Lavin, Martin Cicco, Laventhol & Horwath, Dominion Financial & Investment Corp., n/k/a Trustbank Mortgage Center, Inc., M.A. Mortenson Company, Winsor/Faricy Architects, Inc., and Midwest Title Guaranty Company of Florida, Defendants.

United States District Court, E.D. Michigan, S.D.

Amendment Filed November 24, 1992.


Attorney(s) appearing for the Case

Bruce E. Gerstein, Garwin, Bronzaft, Gerstein & Fisher, New York City, Eugene A. Spector, Spector & Roseman, P.C., Philadelphia, Pa., and Elwood S. Simon, Elwood S. Simon & Associates, Bloomfield Hills, Mich., for plaintiffs.

Steve Gaskins, Cosgrove, Flynn, Gaskins & Haskell, Mary Yeager, Faegre & Benson, Sam Kaplan, Kaplan, Strangis & Kaplan, Minneapolis, Minn., and Jon B. Gandelot, Gandelot & Dickson, P.C., Detroit, Mich., for SSG.

Thomas G. McNeill, Dickinson, Wright, Moon, VanDusen & Freeman, Detroit, Mich., for Mortenson.

Jonathan T. Walton, Jr., Clark, Klein & Beaumont, Detroit, Mich., for Trustbank.

Douglas G. Graham, Butzel Long, P.C., Detroit, Mich., for Merrill Lynch.

Melissa Horne, Kerr, Russell and Weber, Detroit, Mich., for Winsor/Faricy.

Frank W. Brochert, Plunkett & Cooney, Detroit, Mich., for Midwest Title.

Mark T. Boonstra, Miller, Canfield, Paddock & Stone, Detroit, Mich. and Howard O. Godnick, Schulte Roth & Zabel, New York City, for Registry Hotel Corp.

Susan LaCava, Madison, Wis., for Assoc. of Unit Owners.


                              INDEX OF OPINION

Section                                                                         Page
   I.  Background .............................................................  760
  II.  Breach of Contract Claim Against SSG ...................................  761
       A.  Findings of Fact ...................................................  762
       B...

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