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LEHMAN v. REVOLUTION PORTFOLIO L.L.C.

No. 98-1709.

166 F.3d 389 (1999)

Barry LEHMAN, Plaintiff, Appellee, v. REVOLUTION PORTFOLIO LLC, Defendant, Third-Party Plaintiff, Appellee, v. Stuart A. Roffman, Third-Party Defendant, Appellant.

United States Court of Appeals, First Circuit.

January 27, 1999.

Attorney(s) appearing for the Case

David Berman, with whom Franklin H. Levy, Gina Dines Holness, and Abrams, Roberts, Klickstein & Levy were on brief, for appellant.

Paul M. McDermott, with whom Jonathan W. Fitch, Suzanne Q. Feldman and Sally & Fitch were on brief, for appellee.

Before SELYA, Circuit Judge, CAMPBELL, Senior Circuit Judge, and LYNCH, Circuit Judge.

SELYA, Circuit Judge.

This appeal grows out of a triangular 1987 financial transaction that involved the Farm Street Trust (the Trust), its beneficiaries (Barry Lehman and Stuart A. Roffman), and First Mutual Bank for Savings (the Bank). In the ensuing eleven years, the transaction imploded, litigation commenced, the Bank and Lehman became insolvent, parties came and went, and the case was closed and partially reopened. In the end, only a third-party complaint proved...

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