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FEDDER v. McCLENNEN

Civil Action No. 94-10014-NG.

959 F.Supp. 28 (1996)

Dr. Richard I. FEDDER, Plaintiff, v. James McCLENNEN, Defendant.

United States District Court, D. Massachusetts.

October 24, 1996.

Attorney(s) appearing for the Case

Richard T. Williams, Vito A. Costanzo, Los Angeles, CA, for plaintiff.

Danielle E. DeBenedictis, Boston, MA, for defendant.

MEMORANDUM AND ORDER

GERTNER, District Judge.

I. INTRODUCTION

On January 2, 1985, plaintiff Richard I. Fedder paid $24,000 to purchase a 9.8% limited partner interest in a Florida limited partnership known as Gulfstar Partners ("Gulfstar"). Gulfstar's sole purpose was to own a yacht known as "Wequassett."

At the time of plaintiff's purchase, the two general partners of Gulfstar were defendant James McClennen and...

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