Spencer v. Steinman

MEMORANDUM

EDUARDO C. ROBRENO, District Judge.

I. INTRODUCTION

The instant case involves, at bottom, a partnership dispute between Milton Stein-man (“Steinman”) and Craig A. Spencer (“Spencer”). Steinman alleges that Spencer and his affiliated entities fraudulently induced Steinman to invest in one of Spencer’s related entities, and that, once he did so, Spencer, and others affiliated with him, mismanaged and stole money from the partnership and in various forms breached the partnership agreement. Spencer, in turn, contends that Steinman’s claims are false and extortionate and that in initially…