Friedman v. Arizona World Nurseries Ltd. Partnership

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• dismissing claims against firm that wrote tax opinion letter for real estate limited partnerships based on “step-up” transactions
• dismissing section 10(b) claims on ground that plaintiffs' reliance was unreasonable, where accountant's tax opinion stated that the projections contained therein were based on representations which were made 8 to the accountants by the promoter of the limited partnership
• allegation that defendants “conspired to and did participate in the conduct of the above enterprise’s affairs through a pattern of racketeering activity ...” insufficient to satisfy the requirements of Section 1962(d)
• although sale of interests in fraudulent limited partnership occurred during brief period of time, continuity shown where plaintiff demonstrates that fraudulent conduct are “part of [the] defendants’ regular way of doing business”
• dismissing complaint because no scienter or culpable participation alleged

Source: CourtListener parenthetical corpus (CC0).