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THOMPSON'S POINT, INC. v. SAFE HARBOR DEVELOPMENT

Civ. No. 93-217-P-H.

862 F.Supp. 594 (1994)

THOMPSON'S POINT, INC., Plaintiff, v. SAFE HARBOR DEVELOPMENT CORPORATION, Mark P. Treat and Glen Grant, Defendants. Glen GRANT, Defendant and Third-Party Plaintiff, v. Peter VAN WYCK and Thompson's Point, Inc., Third-Party Defendants.

United States District Court, D. Maine.

August 12, 1994.

Attorney(s) appearing for the Case

Ralph A. Dyer, Portland, ME, for plaintiffs Thompson's Point, Inc. and Peter VanWyck.

Robert E. Hirshon, Edward J. Kelleher, Drummond, Woodsum, Plimpton & MacMahon, Portland, ME, Marilyn D. Stempler, Kathleen E. Cross, Brown, Rudnick, Freed & Gesmer, Boston, MA, for defendants.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

HORNBY, District Judge.

FINDINGS OF FACT

1. In 1984, Glen Grant and Mac Grant, brothers, and Peter Van Wyck, a cousin, formed Thompson's Point, Inc., a Maine corporation, to invest in commercial real estate on Thompson's Point in Portland, Maine. The corporation purchased 28 acres of real estate with improvements on Thompson's Point in 1984, and later added to its holdings.

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