X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Judge Mukasey

LEWIS v. C.R.I., INC. — Plaintiff Robert Lewis, on behalf of a class of investors in Capital Realty Investors 85 Limited Partnership (“CRI-85”) and derivatively on behalf of CRI-85, brings this action under section 14(a) of the Securities Exchange Act of 1934 against CRI-85, CRI-85’s managing general partner C.R.I., Inc. (“CRI”), and William B. Dockser and H. William Willoughby, shareholders of CRI. Lewis challenges a proposal by CRI to liquidate CRI-85’s real estate assets pursuant to a Plan of Liquidation detailed in a Consent Solicitation Statement (the “Solicitation”) sent to CRI-85 investors. Lewis claims that the Solicitation impermissibly bundles a vote on the liquidation proposal with a vote permitting the payment of a fee to CRI and that the Solicitation misrepresents or omits material facts. CRI moves to dismiss Lewis’s claims pursuant to Fed. R. Civ. P. 12(b)(6). In the alternative, CRI moves to transfer the action to the District of Maryland pursuant to 28 U.S.C. §1404(a). For the reasons set forth below, the motion to transfer is granted.

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
November 27, 2024
London

Celebrating achievement, excellence, and innovation in the legal profession in the UK.


Learn More
December 02, 2024 - December 03, 2024
Scottsdale, AZ

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!


Learn More
December 11, 2024
Las Vegas, NV

This event shines a spotlight on how individuals and firms are changing the investment advisory industry where it matters most.


Learn More

Role TitleAssociate General Counsel, Global EmploymentGrade F13Reporting ToSenior Legal Counsel, Global EmploymentProgram/Tool/ Department/U...


Apply Now ›

Ryan & Conlon, LLP, is a boutique firm specializing in insurance defense. We are a small eclectic practice with a busy and fast paced en...


Apply Now ›

INTELLECTUAL PROPERTY PROSECUTION PARALEGAL - NEW JERSEY OR NEW YORK OFFICESProminent mid-Atlantic law firm with multiple regional office lo...


Apply Now ›