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PETRICCA DEVELOPMENT LTD. v. PIONEER DEVELOP. CO.

No. Civ.A. 96-30071-FHF.

40 F.Supp.2d 49 (1999)

PETRICCA DEVELOPMENT LIMITED PARTNERSHIP and Berkshire Concrete Corp., Plaintiffs, v. PIONEER DEVELOPMENT COMPANY, Tamarack Investors Co., Inc. and Pioneer Berkshire Crossing Company, Defendants.

United States District Court, D. Massachusetts.

March 24, 1999.

Attorney(s) appearing for the Case

James R. DeGiacomo, John W. Gahan, III, Roche, Carens & DeGiacomo, P.C., Boston, MA, for Petricca Development Limited Partnership, plaintiffs.

Robert J. Muldoon, Jr., Sherin & Lodgen, Boston, MA, Rhonda B. Parker, Sherin & Lodgen, Boston, MA, Michael S. Bloom, Sherin and Lodgen, Boston, MA, for Pioneer Development Company, defendants.

MEMORANDUM AND ORDER

FREEDMAN, Senior District Judge.

I. INTRODUCTION

On June 23, 1992, Pioneer Development Company ("Pioneer"), a New York partnership, entered an option contract to buy a parcel of land in Pittsfield, Massachusetts from Petricca Development Limited Partnership ("Petricca"), a Massachusetts limited partnership.1 Pioneer never exercised its option to buy the land, instead purchasing another parcel...

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