Reymond Meadaa v. K.A.P. Enterprises, L.L.C

PRISCILLA R. OWEN, Circuit Judge:

In this interlocutory appeal, Arun K. Karsan, Versha Patel Karsan, K.A.P. Enterprises, L.L.C., and SaiNath, L.L.C. (defendants) appeal the district court’s grant of partial summary judgment in favor of seven investors. Defendants challenge both the district court’s conclusion that there was a failure of consideration because the investors did not receive the agreed upon consideration in return for their investment and the district court’s order holding all of the defendants jointly and solidarity liable. We affirm in part and vacate in part.

I

Dr. Arun K. Karsan…