Court of Appeals for the Sixth Circuit January 10, 1995, Nos. 93-1049 to 93-1052, 93-1164 and 93-1221 (Becherer v. Merrill Lynch, Pierce, Fenner & Smith, Inc.)

KENNEDY, Circuit Judge.

This complicated commercial litigation arises out of the construction and sale of unit interests in a resort hotel. Plaintiffs are investors in the hotel and have filed suit against the hotel’s developers, as well as against the broker, the escrow agent, and the financial institution involved in the sale of the hotel.