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MAZZOLIN v. LEHMAN BROTHERS REAL ESTATE FUND III, L.P.

No. 11 C 953.

AMALIA MAZZOLIN, as Trustee of the AMALIA MAZZOLIN 1998 TRUST B, and THE MAZZOLIN FAMILY LIMITED PARTNERSHIP, An Illinois Limited Partnership, Plaintiffs, v. LEHMAN BROTHERS REAL ESTATE FUND III, L.P. a Delaware Limited Partnership, Defendant.

United States District Court, N.D. Illinois, Eastern Division.

September 23, 2011.

MEMORANDUM OPINION AND ORDER

REBECCA R. PALLMEYER, District Judge.

Plaintiffs, a trustee and an Illinois limited partnership, purchased partnership interests in what they understood were portfolios of promising real estate holdings. In this lawsuit, filed in the Circuit Court of Cook County, they claim that Defendant, Lehman Brothers Real Estate Fund III, L.P. ("LBREF"), made false statements concerning the properties. Plaintiffs assert...

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