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Saint James Apartment Partners, LLC. v. St. James Manor, L.P. (In re Saint James Apartment Partners, LLC), Ch. 11, BK19-80878-TLS, A20-8004-TLS (Apr. 30, 2020)

The debtor filed this adversary proceeding alleging breach of contract and fraud against the seller from whom the debtor bought an affordable housing complex. The court denied the defendant’s motion to dismiss the adversary complaint for failure to state a claim, finding that if the allegations in the complaint are construed in favor of the plaintiff, they are legally sufficient to survive dismissal.

Date: 
Thursday, April 30, 2020
Judge: 
Judge Thomas L. Saladino