Ramco-Gershenson Properties L.P. v. Hoover Annex Group LLC

OPINION AND ORDER

FEIKENS, District Judge.

This cause of action arises out of Plaintiffs Purchase Agreement to buy Defendants’ shopping center. Plaintiff alleges that Defendants violated (i) the Securities and Exchange Act of 1934 (15 U.S.C. § 78j) and the rules issued pursuant to that section including Rule 10b-5, 17 C.F.R. § 240.10b-5; (ii) the Purchase Agreement’s warranties; and (iii) a class action settlement agreement, thus harming Plaintiff as a third-party beneficiary. Defendants move to dismiss Plaintiffs Complaint in its entirety. In my consideration of that motion I have concluded…