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MARSH v. WALLACE

Civil Action No. 4:07CV60TSL-JCS.

666 F.Supp.2d 651 (2009)

Kirk David MARSH, Kirk Russel Marsh and Marsh Investment Group, LLP, Plaintiffs v. Alden M. WALLACE III, Priscilla P. Wallace, Nell Wallace, Wallace Rentals, LLC, Harold Wright, Richard O'Dom, John Howell and Howell Law Firm, Defendants.

United States District Court, S.D. Mississippi, Eastern Division.

October 20, 2009.

Attorney(s) appearing for the Case

Alicia Kate Margolis, Clarence Webster, III, Kathleen Shields O'Beirne, Bradley Arant Boult Cummings LLP, Jackson, MS, for Plaintiff.

Don O. Rogers, Wilbourn and Rogers, Meridian, MS, Lyneille C. Williams, Lyneille Countiss Williams Attorney at Law, Flora, MS, Henry W. Palmer, Lawyers, PLLC, Meridian, MS, for Defendants.

MEMORANDUM OPINION AND ORDER

TOM S. LEE, District Judge.

In 2006, plaintiffs Kirk David Marsh, Kirk Russel Marsh and Marsh Investment Group, LLP entered into a $4.9 million transaction with defendant Alden "Bubber" Wallace for the purchase of approximately 150 residential rental properties which Wallace owned in Meridian and Quitman, Mississippi. After their purchase, plaintiffs came to believe they had been duped into purchasing the properties based...

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