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JACOBS v. WINTHROP FINANCIAL ASSOCIATES

No. CIVA99-CIV-11363-WGY.

77 F.Supp.2d 206 (1999)

Lewis JACOBS and Robert B. Ourisman, as representatives of a class of persons similarly situated, Plaintiffs, v. WINTHROP FINANCIAL ASSOCIATES, Three Winthrop Properties, Inc. First Winthrop Corporation, NIA Operating Associates Limited Partnership, Sherburne Associates Limited Partnership, Zero Main Associates Limited Partnership, and Apollo Real Estate Investment Fund II, L.P., Defendants,

United States District Court, D. Massachusetts.

December 21, 1999.

Attorney(s) appearing for the Case

George W. Croner, Kohn, Swift & Graf, P.C., Philadelphia, PA, Mark S. Williams, Law Office of Mark S. Williams, Cambridge, MA, for Lewis D. Jacobs, Robert B. Ourisman, Plaintiffs.

John J. Tumilty, Edwards & Angell, LLP, Barbara L. Moore, Edwards & Angell, LLP, Boston, for Winthrop Financial Associates, Three Winthrop Properties, Inc., First Winthrop Corp., NIA Operating Associates Limited Partnership, Sherburne Associates Limited Partnership, Zero Main Associates Limited Partnership, Apollo Real Estate Investment Fund II, L.P., Defendants.

MEMORANDUM

YOUNG, Chief Judge.

I. INTRODUCTION

The representative plaintiffs in this putative class action (the "Limited Partners"), bring a multi-count securities complaint against the Managing General Partner and various controlling entities (collectively, "Winthrop") of the Nantucket Island Associates Limited Partnership (the "Partnership"). In addition to assorted state law claims sounding in contract, the Limited Partners allege that...

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