Dean Witter Reynolds, Inc. v. Greene

Order of the Supreme Court, New York County (Kirschenbaum, J.), entered January 21, 1981, modified, on the law, the facts and in the exercise of discretion to the extent of reversing that portion of the order which denied the motion of Dean Witter Reynolds, Inc., to sever the third-party action and granting that motion, and, except as so modified, affirmed, without costs. These actions and the third-party action arise out of a public offering made by C.I. Realty Investors (CIRI), now known as Kenilworth Realty Trust (Kenilworth) in April, 1972. CIRI was a Massachusetts real estate investment…