FRIED v. LEHMAN BROTHERS REAL ESTATE ASSOCIATES III, L.P.

No. 11-1774-cv.

BARBARA J. FRIED, MARK FRIED ALTITUDE PARTNERS, LLC, RICHARD D. MALTZMAN, as Trustee for the Richard D. & Charlene Maltzman Family Trust U/A/D 3/23/88, JEFFOREED PARTNERS, L.P., ZELFAM LLC, on behalf of limited partners listed on Annex A., B. MARK FRIED, ALTITUDE PARTNERS, LLC, JEFFOREED MANAGEMENT COMPANY INC., ALEX KHOWAYLO, BARRY ARONOFF, BILL NEWLIN, BILL SCHNUHL, BUKFENC LLC, CATLIN FAMILY TRUST, CHARCO VENTURES, L.P., DANIEL R PFAU, ELISABETH S. PFAU, DREW PERKINS TRUST U/A/D 12/21/99, ELI BARKAT HOLDING LTD., ERIK SCULTE, FRANK KEENER, FRANK RUTAN, GEORGE EVANS, GSB HOLDING, INC., IRACINI L.P., JAMES J. VAN STONE, SUSAN E. VAN STONE, JAMES R. DOUGLAS, MARGARET W. DOUGLAS, JEFF MOSTER, JOHN ARGUE, JEFFREY HECKTMAN TRUST, JOHN DRAGHI, JOHN ROSEKRANZ, KAREN A. UBELHART, LOUISE E. COHEN, MARTIN BURGER, MICHAEL & DIANE BRANON REVOCABLE TRUST, MICHAEL SHER, BILLIE GELB, NIR BARKAT HOLDING LTD., PAUL DEKTOR, PEACHBLOW PARTNERS, L.P., PROVIDENT HOLDINGS, INC., PSERD TRUST, RFLP GROUP, LLC, RICHARD LANDGARTEN, ROBERT T. FRALEY TRUST, ROSS C. HARTLEY, RUSSELL AND JUDITH FRADIN, TIC, SANFORD H. ROBBINS, SHLOMO SHMELZER, ATALYA SHMELZER, SIMON FAMILY INVESTMENT PARTNERSHIP, STEPHANIE BORYNACK, STEPHEN GUERINO, KATHLEEN GUERINO, STEVEN HOLDER, TAD LOWREY, THE GOLD/SHERMAN-GOLD FAMILY TRUST, THOMAS G. MACEY, THREE HORSE INVESTMENTS, VAHID MANIAN, WAITE FAMILY TRUST, WILLIAM C. SCOTT, JULIEN DE SLABERRY, GLICKENHAUS AND CO., REAL ESTATE PRIVATE EQUITY, INC., Plaintiffs, and ALAN GERBER LEWIS MARITAL IRR. TRUST, RICHARD SHUSTER, RICKEL SHUSTER, Plaintiffs-Appellants, v. LEHMAN BROTHERS REAL ESTATE ASSOCIATES III, L.P., LEHMAN BROTHERS PRIVATE EQUITY ADVISERS, LLC, MARK A. WALSH, MARK H. NEWMAN, BRETT BOSSUNG, MICHAEL J. ODRICH, CHRISTOPHER M. O'MEARA, RICHARD S. FULD, JR., JOSEPH M. GREGORY, ERIN CALLAN, IAN LOWITT, THOMAS RUSSO, DOES 1 THROUGH 50, REAL ESTATE PRIVATE EQUITY, INC., SILVERPEAK REAL ESTATE PARTNERS L.P., REPE CP MANAGECO LLC, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

December 20, 2012.


Attorney(s) appearing for the Case

ROBERT TED PARKER , Parker Law Firm, Orinda, CA ( Arthur Russell , New York, NY, on the brief), for Plaintiffs-Appellants.

JONATHAN D. POLKES , Weil, Gotshal & Manges LLP, New York, NY ( William A. Burck , Robert V. Spake, Jr. , and Adam B. Banks , Weil, Gotshal & Manges LLP, New York, NY, for Defendants-Appellees Lehman Brothers Real Estate Associates III, L.P., Lehman Brothers Private Equity Advisers, LLC, and Real Estate Private Equity, Inc.; Richard A. Rosen , Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendants-Appellees Mark A. Walsh, Mark H. Newman, Brett Bossung, Silverpeak Real Estate Partners, L.P., and REPE CP ManageCo, LLC; Patricia M. Hynes and Todd. S. Fishman , Allen & Overy, LLP, New York, NY, for Defendant-Appellee Richard S. Fuld, Jr.; Michael J. Chepiga and Mary Elizabeth McGarry , Simpson Thacher & Bartlett LLP, New York, NY, for Defendants-Appellees Michael J. Odrich, Christopher M. O'Meara, and Thomas Russo; Martin J. Auerbach , New York, NY, for Defendant-Appellee Ian Lowitt; Robert J. Cleary , Dietrich L. Snell , Mark E. Davidson , and Seth D. Fier , Proskauer Rose LLP, New York, NY, for Defendant-Appellee Erin Callan; Israel David and Audrey Strauss , Fried Frank Harris Shriver & Jacobson LLP, New York, NY, for Defendant-Appellee Joseph M. Gregory, on the brief) for Defendants-Appellees Lehman Brothers Real Estate Associates III, L.P., Lehman Brothers Private Equity Advisers, LLC, and Real Estate Private Equity, Inc.

Present: ROBERT A. KATZMANN, BARRINGTON D. PARKER, RICHARD C. WESLEY,


SUMMARY ORDER

ON CONSIDERATION WHEREOF, IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that the judgment of the district court be and hereby is AFFIRMED.

Plaintiffs-Appellants Alan Gerber Lewis Marital Irrevocable Trust and Richard and Rickel Shuster (collectively, "plaintiffs") appeal from a March 29, 2011, memorandum and order of the United States District Court for the Southern District of New York (Jones, J.) dismissing...

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