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PERLMAN v. ZELL

Nos. 98-3600, 98-3780 and 98-3781.

185 F.3d 850 (1999)

Richard M. PERLMAN and Perlman Marketplace Investors, Plaintiffs-Appellees, Cross-Appellants, v. Samuel ZELL, et al., Defendants-Appellants, Cross-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided August 2, 1999.

Rehearing and Rehearing Denied August 27, 1999.

Attorney(s) appearing for the Case

Bradley P. Nelson (argued), Schopf & Weiss, Chicago, IL, for Plaintiffs-Appellees, Cross-Appellants.

Stephen Novack (argued), Donald A. Tarkington, Timothy J. Miller, Peter T. Berk, Novack & Macey, Chicago, IL, for Defendants-Appellants, Cross-Appellees.

Before COFFEY, EASTERBROOK, and RIPPLE, Circuit Judges.

Rehearing and Rehearing En Banc Denied August 27, 1999.

EASTERBROOK, Circuit Judge.

Between 1976 and 1990 Richard Perlman worked at Equity Financial and Management Company, a real estate syndication and management group under the control of Samuel Zell and Robert Lurie. While at Equity, Perlman invested in several of the firm's real estate partnerships. Perlman also received "participations" in other partnerships...

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