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FRIED v. LEHMAN BROS. REAL ESTATE ASSOC. III, L.P.

No. 11 Civ. 04141 (LGS).

496 B.R. 706 (2013)

Barbara J. FRIED et al., Plaintiffs, v. LEHMAN BROTHERS REAL ESTATE ASSOCIATES III, L.P. et al., Defendants.

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

May 30, 2013.

Attorney(s) appearing for the Case

Kelly Marie Hnatt , Willkie Farr & Gallagher LLP (NY), New York, NY, Lewis J. Liman , Diarra Mari Guthrie , David Yury Livshiz , Cleary Gottheb Steen & Hamilton LLP, New York, NY, Martin Joel Auerbach , Law Offices of Martin J. Auerbach, Esq., New York, NY, for Ian Lowitt, Defendant.

Weil Gotshal & Manges LLP, William Anthony Burck , Washington, DC, Jonathan D. Polkes , New York, NY, for Lehman Brothers Private Equity Advisers, LLC, Lehman Brothers Real Estate Associates III, L.P., Real Estate Private Equity, Inc., Defendants.

Mary Elizabeth McGarry , Erika Hannelore Burk , Michael Joseph Chepiga , Joseph Michael McLaughlin , Alexander Simkin, Simpson Thacher & Bartlett LLP (NY), New York, NY, for Christopher M. O'Meara, Michael J. Odrich, Thomas Russo, Defendants.

Dietrich L. Snell , Seth David Fier , Robert J. Cleary , Mark Edward Davidson , Proskauer Rose LLP (NY), New York, NY, for Erin Callan, Defendant.

Audrey Strauss , Israel David , Fried, Frank, Harris, Shriver & Jacobson, New York, NY, for Joseph M. Gregory, Defendant.

Patricia M. Hynes , Todd Steven Fishman , Allen & Overy, LLP, New York, NY, for Richard S. Fuld, Jr., Defendant.

Robert Ted Parker , Orinda, CA, Arthur Daniel Russell , Arthur Russell, Esq. , New York, NY, for Plaintiffs.

Richard A. Rosen , Paul, Weiss, Rifkind, Wharton & Garrison LLP (NY), New York, NY, for Repe CP Manageco, LLC, for Silverpeak Real Estate Partners, L.P., Brett Bossung, Kevin Dinnie, Mark H. Newman, Mark A. Walsh, Rodolpho Amboss, Defendants.

ORDER AND OPINION

LORNA G. SCHOFIELD, District Judge.

Following District Judge Barbara Jones's dismissal of a related matter ("Fried I"), Plaintiffs filed this action in the Supreme Court of the State of New York, pleading various federal and state law claims against Defendants arising from failed investments with Defendant Lehman Brothers Real Estate Associates III.1 On

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