SABLE v. SOUTHMARK/ENVICON CAPITAL CORP.

No. 90 Civ. 8047 (MBM).

819 F.Supp. 324 (1993)

Dr. Robert SABLE, et al., Plaintiffs, v. SOUTHMARK/ENVICON CAPITAL CORP., et al., Defendants.

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

April 26, 1993.


Attorney(s) appearing for the Case

Joseph J. Tabacco, Jr., Earle Giovanniello, Stamell, Tabacco & Schager, New York City, for plaintiff.

Andrew J. Gershon, Eric Bregman, Sive Paget & Riesel, New York City, for defendants Southmark/Envicon Capital Corp., Equity Associates, Ltd. and Southmark Partners One, Ltd.

Andrew J. Levander, Shereff, Friedman, Hoffman & Goodman, New York City, Leighton Aiken, Dana M. Campbell, Owens, Clary & Aiken, L.L.P., Dallas, TX, for defendants Vista Associates, Ltd., Michael S. McGee and Eugene W. Rosen.

Edward Brodsky, Howard N. Spiegler, Proskauer Rose Goetz & Mendelsohn, New York City, for defendants Gene E. Phillips, William S. Friedman and William S. Friedman, P.C.

Sharon A. McCloskey, D'Amato & Lynch, New York City, for defendant Trotter Smith & Jacobs, P.C.

George B. Schwab, Mayer, Brown & Platt, New York City, Robert J. Kriss, Mayer, Brown & Platt, Chicago, IL, for defendant Grant Thornton.

Jeffrey R. Mann, Rubin, Baum, Levin, Constant & Friedman, New York City.

W. Kelly Stewart, Gardere & Wynne, Dallas, TX, for defendants Rosedale/Palm Associates, Ltd., San-Da-Mor Associates, Ltd., Merchandise Mart Associates, Ltd. and Towne Parc Associates, Ltd.

Edward Rubin, New York City, for defendant Lawrence Bernstein.


OPINION AND ORDER

MUKASEY, District Judge.

Plaintiffs Robert Sable, et al. sue defendants Southmark/Envicon Capital Corp., et al. under RICO and state law. Plaintiffs allege that defendants fraudulently induced them to invest in nine limited partnerships in the mid-1980s through misrepresentations and omissions in the private placement memoranda (the "PPMs") for the partnerships.

In 1990...

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