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PAINEWEBBER INC. v. ALLEN

Civ. A. No. 3:92CV591.

888 F.Supp. 53 (1993)

PAINEWEBBER INCORPORATED, Plaintiff, v. Billie H. ALLEN, et al., Defendants.

United States District Court, E.D. Virginia, Richmond Division.

April 29, 1993.

Attorney(s) appearing for the Case

James Edward Farnham, Lonnie Dayton Nunley, III, Hunton & Williams, Richmond, VA, for plaintiff.

Stephen Winston Bricker, Richmond, VA, Wayne G. Johnson, Gifford, Lay & Johnson, Harold J. Bender, Erie, PA, for defendants.

MEMORANDUM OPINION

SPENCER, District Judge.

THIS MATTER is before the Court on cross motions for summary judgment pursuant to Fed.R.Civ.P. 56. For the reasons stated herein, Plaintiff's Motion for Summary Judgment is hereby GRANTED and Defendants' Motion for Summary Judgment is DENIED.

I.

Plaintiff in this matter is PaineWebber Incorporated ("PaineWebber"), a seller of partnership interests in PaineWebber Equity Partners I Limited...

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