Walker v. Montclaire Housing Partners

MEMORANDUM OPINION

GORDON, Senior District Judge.

I. Procedural History

Plaintiffs Edwin Walker, Jr., George Hill, Jr. and Central Carolina Bank and Trust Company, as the Executors of the estate of John S. Hill, II, filed this case on January 11, 1988, in Durham Superior Court against Defendants Montclaire Housing Partners (“Montclaire”), Tricap Corporation (“Tricap”), and Shelby J. Kaplan (collectively referred to as the “defendants” or “original defendants”). The Complaint alleges three causes of action under the North Carolina Securities Act relating to the decedent John Hill’s purchase of…