Fierer v. Ashe

Smith, Judge.

We granted interlocutory appeal to review the trial court’s denial of appellants’ motion for summary judgment, a motion founded on res judicata and collateral estoppel. Finding these principles properly applicable here, we reverse the judgment.

I. Facts

Stephen Lawson, together with Cambridge Capital Corporation (hereinafter jointly referred to as Lawson), organized eight land investment syndications in the form of limited partnerships; these syndications thus were subject to both Georgia and federal securities laws. Lawson, as the general partner of these eight entities, sold…