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MAGELLAN REAL ESTATE INV. TRUST v. LOSCH

No. CIV99-1459-PHX-ROS.

109 F.Supp.2d 1144 (2000)

MAGELLAN REAL ESTATE INVESTMENT TRUST, Plaintiff, v. Kenneth K. LOSCH, et al., Defendants.

United States District Court, D. Arizona.

July 28, 2000.

Attorney(s) appearing for the Case

Don P. Martin, Chesica Gilson Hall, Phoenix, AZ, for Plaintiff.

David Eric Rauch, Patricia Lee Refo, Todd Feltus, Snell & Wilmer LLP, Phoenix, AZ, for Defendants.

ORDER

SILVER, District Judge.

In its Complaint, Plaintiff Magellan Real Estate Investment Trust ("Plaintiff" or "the REIT") alleges that the thirteen Defendants, operating under the umbrella of the Magellan corporations, mismanaged Plaintiff's properties and wrongfully drained Plaintiff's assets to fund unrelated projects and enrich themselves at the expense of Plaintiff's investors. Pending before the Court are Defendants' Motion to Dismiss on Grounds of...

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