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ZACCARO v. SHAH

No. 08 Civ. 3138(PKC).

746 F.Supp.2d 508 (2010)

John A. ZACCARO, Plaintiff, v. Hasu P. SHAH, Kiran P. Patel, Affordable Hospitality Associates, L.P., Affordable Hospitality, Inc., Hersha Hospitality Trust, Hersha Enterprises, Ltd., Nish Capital, Inc., 3344 Associates, L.P., John Does 1-10, Mary Does 1-10, and Doe Corporations 1-10, Defendants.

United States District Court, S.D. New York.

September 29, 2010.

Attorney(s) appearing for the Case

Monika S. Pundalik , Eli John Rogers , Joanne M. Bonacci , Dreifuss Bonacci & Parker, LLP, Florham Park, NJ, for Plaintiff.

Edward Anthony Fleck , Fleck, Fleck & Fleck, Garden City, NY, Anthony L. Byler , Evan A. Blaker , Byler & Blaker, LLC, Philadelphia, PA, for Defendants.

MEMORANDUM AND ORDER

P. KEVIN CASTEL, District Judge.

Plaintiff John Zaccaro was a limited partner in Affordable Hospitality Associates, L.P. ("AHA"), a Pennsylvania limited partnership that was organized to own and operate a hotel in Philadelphia (the "Hotel"). In November 2005, Zaccaro sold his 16.5% interest in AHA to defendant Nish Capital, Inc. ("Nish") for $203,000. Within two weeks, Nish sold this interest at no profit to a company owned by...

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