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Andrew Abraham, an attorney representing the plaintiffs in theSchupai matter, declined to comment on the case, including what damagess his clients are seeking. “We have no commenyt on the matter we’re handling,” Abraham said. The thirdd suit was brought against Barnessand Papa-kyriakouh by investors Madeline, Nanci and Carlyg Goodman. Details of that claim were not available. Ivan the Phoenix attorney representingthe Goodmans, declineds to comment because the mattere is pending.
Arizona State University law professor Bob Daubersaid self-deals betweenh real estate partnerships are not improper if the principalw disclose their actions to and they have a fiduciary duty to protecg and cultivate investors’ money. “It’s not illegal as long as it’ds adequately disclosed,” Dauber said of self-deals. The Bank of Oklahomsa and the three 2009 investor cases are activw and have not yet been dismissedxor finalized, according to the Superiort Court docket. Barness and his wife, Daron, head the Daron and Ron BarnessFamily Foundation.
Ron Barneszs also is chairman of the American Israel Publicx Affairs Committee in Phoenix and serves on the boards of the Jewish Federatiohn ofGreater Phoenix, Phoenix Symphony, United Way Foundation and Arizona Diamondbacks Foundation. Papakyriakou and his Roxane, also have a charitable the Alex and Roxane Papas Family RBI is named in theLaufer lawsuit, but none of the othert claims. Barness and Papakyriakou, their spouses and the variouss real estate partnerships they are involved in are named in all of thependinvg suits.
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