Central Allied Profit Sharing Trust v. Bailey

ENOCH * , Judge.

In this action by limited partners against the limited partnership and its general partners, plaintiffs, Central Allied Profit Sharing Trust and Capslo, Inc., appeal from the trial court’s order striking a notice of lis pendens which plaintiffs had filed against the partnership property. We affirm.

This case arises out of the formation and operation of the Mammoth Gardens Limited Partnership, which was formed in 1980 to acquire and renovate the property commonly known as “Mammoth Gardens" in Denver. Plaintiffs purchased units in the partnership through a private placement…