Almaden Plaza Associates v. United Trust Fund Ltd. Partnership

Plaintiff appeals the judgment entered after the court granted partial summary judgment in favor of defendants on plaintiffs securities fraud claim. ORCP 67B. The only issue on appeal is whether, as a matter of law, the sale-leaseback package by which plaintiff purchased an office building is a security under state or federal law. The trial court held that it is not, and we affirm.

The parties do not dispute the facts. Three subsidiaries of First Farwest Corporation (First Farwest) owned an office building. The book value of the building was $20,265,000; the appraised market value was…