Roslyn Friedman, Individually and for All Other Persons Similarly Situated v. William Meyers

MANSFIELD, Circuit Judge:

In this purported class action based on alleged fraudulent diversion and misappropriation of funds by promoters and managers of a real estate syndicate Roslyn Friedman, an investor in the venture, appeals from an order of the district court, Sylvester J. Ryan, Judge, granting summary judgment dismissing her complaint. Judge Ryan’s order was based principally on his view that a decision dated November 5, 1970, in an action instituted in the New York Supreme Court, Kings County, by another investor in the venture, determined the issues “adversely to the plaintiff…