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WILLIAMSON v. STALLONE

602395/2004, 600593/06, 100827/04, 604305/04.

28 Misc.3d 738 (2010)

905 N.Y.S.2d 740

RICHARD A. WILLIAMSON, as Successor Liquidating Trustee, on Behalf of LIPPER CONVERTIBLES, L.P., Plaintiff, v. SYLVESTER STALLONE et al., Defendants. RICHARD A. WILLIAMSON, as Successor Liquidating Trustee, on Behalf of LIPPER CONVERTIBLES, L.P., Plaintiff, v. CULBRO CORP. PENSION FUND et al., Defendants. RICHARD A. WILLIAMSON, as Successor Liquidating Trustee, on Behalf of LIPPER CONVERTIBLES, L.P., Plaintiff, v. UNIVERSITY OF MINNESOTA FOUNDATION, Defendant. RICHARD A. WILLIAMSON, as Successor Liquidating Trustee, on Behalf of LIPPER CONVERTIBLES, L.P., Plaintiff, v. ARBITRAGE SELECT FUND, L.P., et al., Defendants.

Supreme Court, New York County.

Decided April 30, 2010.

Attorney(s) appearing for the Case

Labaton Sucharow LLP, New York City, for plaintiff. Sonnenschein Nath & Rosenthal LLP, New York City, for Sylvester Stallone, defendant. Riker Danzig Scherer Hyland Perretti LLP, New York City, for University of Minnesota Foundation, defendant. Zeichner Ellman & Krause LLP, New York City, for Arbitrage Select Fund, L.P., defendant. Schwartz Lichtenberg LLP, New York City, for Armand Marciano, defendant. Ackerman Levine Cullen Brickman & Limmer LLP, Great Neck, for LMF Investment Partnership, defendant. Willkie Farr & Gallagher LLP, New York City, for James Hoge, defendant. Phillips Nizer LLP, New York City, for RLH Family Fund and another, defendants.

OPINION OF THE COURT

SHIRLEY WERNER KORNREICH, J.

Pending before the court are motions and cross motions for summary judgment in related actions concerning a defunct private investment hedge fund, Lipper Convertibles, L.P., and certain related entities. Plaintiff Richard A. Williamson is the successor liquidating trustee (trustee) appointed by the court (Moskowitz, J.) in Lipper Convertibles' liquidation proceeding (In the Matter of the Application of Lipper...

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