Rudolph v. Arthur Andersen & Co.
| Decision Date | 10 November 1986 |
| Parties | Rudolph v. Arthur Andersen & Co. 85-5722 |
| Court | U.S. Court of Appeals — Eleventh Circuit |
S.D.Fla., 800 F.2d 1040
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2 cases
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Economic Dev. v. Arthur Andersen & Co.
... ... DMC was the sole general partner of DRLP. The DRLP limited partners were a group of individual American investors including several Hollywood celebrities. See generally Rudolph v. Arthur Andersen & Co., 800 F.2d 1040 (11th Cir.) (vacating district court's dismissal of securities fraud claims against AA by DRLP limited partners and DRLP liquidating trustee), reh'g denied, 806 F.2d 1070 (11th Cir.1986), cert. denied, 480 U.S. 946, 107 S.Ct. 1604, 94 L.Ed.2d 790 (1987); ... ...
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Allard v. Arthur Andersen & Co.(USA)
... ... See DRLP Private Placement Mem., Zirin Aff.Ex. 17 at 37. The limited partners never assigned their claims against AA to DMC or to the Trustee, and in fact prosecuted their own securities fraud action against AA. See Rudolph v. Arthur Andersen & Co., 800 F.2d 1040 (11th Cir.), reh'g denied, 806 F.2d 1070 (11th Cir.1986), cert. denied, 480 U.S. 946, 107 S.Ct. 1604, 94 L.Ed.2d 790 (1987). It follows that the Trustee has no standing to assert the rights of the DRLP limited partners, and that summary judgment must be ... ...