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GURFEIN v. SOVEREIGN GROUP

Civ. No. 92-2083.

826 F.Supp. 890 (1993)

Richard GURFEIN, et al. v. SOVEREIGN GROUP, et al.

United States District Court, E.D. Pennsylvania.

June 4, 1993.

Attorney(s) appearing for the Case

Arnold Levin, Levin, Fishbein, Sedran & Berman, Stuart H. Savett, Savett, Frutkin, Podell & Ryan, P.C., Laurence S. Berman, Levin, Fishbein, Sedran & Berman, Philadelphia, PA, Douglas W. Lohmar, Jr., Beigel & Sandler, Chicago, IL, for plaintiffs.

Denis F. Sheils, Kohn, Savett, Klein & Graf, P.C., Philadelphia, PA, for defendants.

OPINION

LOUIS H. POLLAK, District Judge.

Plaintiffs,1 a group of individual investors, purchased security interests in two limited partnerships — the Sovereign Realty 1984-VII, Ltd., d/b/a The Sovereign Building, a Pennsylvania limited partnership ("the Sovereign Partnership") and Sovereign Realty 1985-2 Ltd., d/b/a Crestwood Apartments, limited partnership ("Crestwood...

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