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McMAHAN & CO. v. BASS

250 A.D.2d 460 (1998)

673 N.Y.S.2d 19

McMahan & Company et al., Respondents-Appellants, v. Saul Bass et al., Appellants-Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

May 19, 1998

McMahan, Brafman, Morgan & Co. (MBM) is a partnership in which Saul Bass and other defendants had purchased a limited partnership interest during the period from 1980 to 1982. D. Bruce McMahan is the general partner of MBM. In 1992, defendants (and others) commenced a Federal court action against MBM and its general partner, McMahan. In the Federal action, defendants alleged that they were defrauded in connection with their original purchases of limited partnership interests...

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